Pembina Pipeline (NYSE:PBA) Reaches New 1-Year High at $36.20

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) hit a new 52-week high on Wednesday . The company traded as high as $36.20 and last traded at $36.18, with a volume of 63625 shares changing hands. The stock had previously closed at $36.03.

Analyst Upgrades and Downgrades

PBA has been the subject of a number of research analyst reports. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, CIBC boosted their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday, April 19th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Pembina Pipeline Stock Up 0.5 %

The company has a market cap of $21.23 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 5.28 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average price of $35.24 and a two-hundred day moving average price of $34.03.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, equities analysts predict that Pembina Pipeline Co. will post 2.24 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.4944 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a yield of 5.40%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio is currently 88.69%.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Pembina Pipeline by 10.5% in the first quarter. Russell Investments Group Ltd. now owns 844,732 shares of the pipeline company’s stock worth $29,838,000 after buying an additional 80,596 shares during the last quarter. Headlands Technologies LLC bought a new stake in Pembina Pipeline during the first quarter worth approximately $100,000. Susquehanna Fundamental Investments LLC bought a new stake in Pembina Pipeline during the first quarter worth approximately $8,687,000. Oppenheimer Asset Management Inc. boosted its position in Pembina Pipeline by 19.4% during the first quarter. Oppenheimer Asset Management Inc. now owns 17,863 shares of the pipeline company’s stock worth $631,000 after purchasing an additional 2,902 shares during the period. Finally, Quantbot Technologies LP boosted its position in Pembina Pipeline by 10,862.7% during the first quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock worth $1,143,000 after purchasing an additional 32,045 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

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.