Analysts Set Pembina Pipeline Co. (NYSE:PBA) PT at $56.50

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been given a consensus rating of “Hold” by the three ratings firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $56.50.

PBA has been the subject of a number of research reports. UBS Group started coverage on Pembina Pipeline in a research note on Wednesday. They issued a “neutral” rating for the company. Scotiabank lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Finally, Citigroup upped their target price on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th.

Pembina Pipeline Stock Up 1.2 %

Shares of NYSE:PBA opened at $41.28 on Wednesday. The business has a 50-day moving average price of $38.87 and a 200 day moving average price of $36.97. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 5.65 and a beta of 1.25. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $41.40.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.21. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.45 earnings per share. Sell-side analysts expect that Pembina Pipeline will post 2.38 EPS for the current year.

Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend is Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 87.83%.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC acquired a new position in Pembina Pipeline during the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares in the last quarter. Beacon Capital Management LLC purchased a new position in Pembina Pipeline in the first quarter valued at about $37,000. Creekmur Asset Management LLC purchased a new position in Pembina Pipeline in the fourth quarter valued at about $62,000. Finally, Mather Group LLC. bought a new stake in shares of Pembina Pipeline during the 1st quarter worth about $88,000. 55.37% of the stock is owned by institutional investors and hedge funds.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.