Pembina Pipeline (NYSE:PBA) Earns Buy Rating from Analysts at TD Securities

Equities research analysts at TD Securities initiated coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a report released on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating on the pipeline company’s stock.

Several other equities research analysts have also weighed in on PBA. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays began coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating for the company. Finally, Raymond James began coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $36.72 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average of $39.04 and a 200-day moving average of $39.68. Pembina Pipeline has a twelve month low of $32.81 and a twelve month high of $43.44. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 15.17 and a beta of 1.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PBA. Toronto Dominion Bank lifted its position in Pembina Pipeline by 97.2% in the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock worth $331,439,000 after purchasing an additional 4,405,792 shares during the period. Canada Pension Plan Investment Board increased its stake in Pembina Pipeline by 56.9% in the second quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock valued at $311,142,000 after acquiring an additional 3,043,200 shares during the period. CIBC Asset Management Inc raised its position in Pembina Pipeline by 8.1% in the third quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company’s stock worth $264,315,000 after purchasing an additional 481,285 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its stake in Pembina Pipeline by 15.3% during the third quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company’s stock worth $171,360,000 after purchasing an additional 550,491 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after purchasing an additional 624,958 shares in the last quarter. 55.37% of the stock is owned by institutional investors.

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.