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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has earned an average recommendation of “Hold” from the three research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $44.75.

A number of equities analysts have issued reports on the company. StockNews.com cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. CIBC lifted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday, April 19th. Finally, Scotiabank cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Guardian Capital Advisors LP raised its position in shares of Pembina Pipeline by 12.8% in the 4th quarter. Guardian Capital Advisors LP now owns 235,105 shares of the pipeline company’s stock worth $8,179,000 after acquiring an additional 26,766 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Pembina Pipeline by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock worth $45,360,000 after acquiring an additional 29,743 shares in the last quarter. UBS Group AG raised its position in shares of Pembina Pipeline by 24.2% in the 4th quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock worth $13,025,000 after acquiring an additional 73,776 shares in the last quarter. Duff & Phelps Investment Management Co. raised its position in shares of Pembina Pipeline by 44.9% in the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,556,638 shares of the pipeline company’s stock worth $53,850,000 after acquiring an additional 482,067 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in Pembina Pipeline in the 4th quarter valued at about $17,285,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $37.18 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.78. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $37.90. The company has a market cap of $21.56 billion, a P/E ratio of 16.17, a P/E/G ratio of 5.33 and a beta of 1.25. The business has a fifty day simple moving average of $36.73 and a 200 day simple moving average of $35.39.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, sell-side analysts forecast that Pembina Pipeline will post 2.33 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a dividend of $0.501 per share. The ex-dividend date was Monday, June 17th. This represents a $2.00 dividend on an annualized basis and a yield of 5.39%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is 86.96%.

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.