Pembina Pipeline Co. (NYSE:PBA) Receives Consensus Rating of “Hold” from Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have earned an average rating of “Hold” from the four research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $56.50.

A number of research analysts have recently weighed in on the company. UBS Group started coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Raymond James started coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, Citigroup lifted their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th.

Pembina Pipeline Price Performance

Shares of PBA opened at $42.93 on Monday. The firm has a market capitalization of $24.92 billion, a PE ratio of 17.74 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company’s fifty day moving average price is $41.92 and its 200-day moving average price is $39.35. Pembina Pipeline has a 1-year low of $32.39 and a 1-year high of $43.44.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.43%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.30%.

Institutional Trading of Pembina Pipeline

A number of hedge funds have recently added to or reduced their stakes in PBA. Godsey & Gibb Inc. acquired a new position in shares of Pembina Pipeline in the third quarter worth about $25,000. Prospera Private Wealth LLC acquired a new position in Pembina Pipeline in the 3rd quarter worth about $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Pembina Pipeline in the third quarter valued at approximately $26,000. Dunhill Financial LLC acquired a new stake in Pembina Pipeline in the third quarter valued at approximately $28,000. Finally, Blue Trust Inc. increased its position in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock valued at $30,000 after buying an additional 508 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Company Profile

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.