Pembina Pipeline (NYSE:PBA) Releases Earnings Results

Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) issued its earnings results on Thursday. The pipeline company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.22, Briefing.com reports. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.98 billion. Pembina Pipeline had a return on equity of 11.71% and a net margin of 14.46%. The company’s revenue was up 62.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS.

Pembina Pipeline Trading Down 2.8 %

NYSE:PBA traded down $1.02 during trading hours on Friday, hitting $35.38. 1,023,227 shares of the company were exchanged, compared to its average volume of 792,247. The stock has a market capitalization of $19.64 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 5.34 and a beta of 1.24. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. Pembina Pipeline has a one year low of $28.89 and a one year high of $42.74. The company has a fifty day simple moving average of $37.01 and a 200 day simple moving average of $36.51.

Pembina Pipeline Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be given a dividend of $0.164 per share. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.16. This represents a $1.97 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Wednesday, August 24th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 107.69%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PBA shares. Royal Bank of Canada raised their target price on Pembina Pipeline from C$49.00 to C$58.00 in a report on Monday, May 9th. Credit Suisse Group raised Pembina Pipeline from a “neutral” rating to an “outperform” rating in a report on Monday, April 11th. TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a report on Wednesday, May 25th. TD Securities raised their price objective on Pembina Pipeline from C$50.00 to C$54.00 in a report on Monday, May 9th. Finally, Scotiabank raised their price objective on Pembina Pipeline from C$54.00 to C$55.00 in a report on Friday, May 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average price target of $52.63.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quantbot Technologies LP raised its position in shares of Pembina Pipeline by 1,550.5% in the 1st quarter. Quantbot Technologies LP now owns 54,036 shares of the pipeline company’s stock worth $2,031,000 after acquiring an additional 50,762 shares in the last quarter. American Century Companies Inc. raised its position in shares of Pembina Pipeline by 53.4% in the 1st quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company’s stock worth $1,492,000 after acquiring an additional 13,820 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Pembina Pipeline by 20.3% in the 1st quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company’s stock worth $1,478,000 after acquiring an additional 6,629 shares in the last quarter. Achmea Investment Management B.V. bought a new position in shares of Pembina Pipeline in the 1st quarter worth about $1,331,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Pembina Pipeline by 1.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock worth $1,143,000 after acquiring an additional 438 shares in the last quarter. 55.44% of the stock is owned by institutional investors.

Pembina Pipeline Company Profile

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.