Pembina Pipeline Co. (NYSE:PBA) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have received a consensus rating of “Moderate Buy” from the three ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $44.75.

Several equities analysts recently weighed in on PBA shares. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. CIBC raised their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. Finally, TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $35.50 on Friday. The firm has a fifty day moving average price of $34.93 and a 200-day moving average price of $33.66. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a market cap of $20.57 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 5.21 and a beta of 1.20. Pembina Pipeline has a 1 year low of $28.15 and a 1 year high of $36.17.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. Equities analysts anticipate that Pembina Pipeline will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.4944 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.98 annualized dividend and a yield of 5.57%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is 89.14%.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors have recently bought and sold shares of PBA. Vanguard Group Inc. lifted its holdings in shares of Pembina Pipeline by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 21,592,770 shares of the pipeline company’s stock worth $743,223,000 after acquiring an additional 370,234 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Pembina Pipeline by 1.2% in the 4th quarter. Bank of Nova Scotia now owns 14,837,544 shares of the pipeline company’s stock worth $510,857,000 after acquiring an additional 171,960 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Pembina Pipeline by 1.0% in the 3rd quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company’s stock worth $402,538,000 after acquiring an additional 131,487 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Pembina Pipeline by 5.7% in the 4th quarter. Mackenzie Financial Corp now owns 12,652,115 shares of the pipeline company’s stock worth $435,812,000 after acquiring an additional 680,945 shares during the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Pembina Pipeline by 8.3% in the 3rd quarter. Toronto Dominion Bank now owns 7,699,608 shares of the pipeline company’s stock worth $231,450,000 after acquiring an additional 593,061 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

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.