Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Average PT from Analysts

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has earned an average rating of “Hold” from the four ratings firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $56.50.

PBA has been the subject of several recent analyst reports. Citigroup raised their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. UBS Group began coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating for the company. Finally, Raymond James started coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company.

Institutional Trading of Pembina Pipeline

A number of institutional investors and hedge funds have recently made changes to their positions in PBA. CENTRAL TRUST Co grew its stake in Pembina Pipeline by 65.0% during the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after buying an additional 325 shares during the last quarter. Granite Group Advisors LLC grew its position in shares of Pembina Pipeline by 5.2% during the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock worth $237,000 after acquiring an additional 330 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after acquiring an additional 334 shares during the period. EverSource Wealth Advisors LLC lifted its position in Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 387 shares during the last quarter. Finally, Gold Investment Management Ltd. boosted its stake in Pembina Pipeline by 4.2% during the 3rd quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 439 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Trading Down 4.0 %

Shares of PBA opened at $40.54 on Thursday. Pembina Pipeline has a one year low of $31.51 and a one year high of $43.44. The stock has a 50-day moving average price of $41.60 and a 200 day moving average price of $38.80. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.68. The company has a market capitalization of $23.53 billion, a P/E ratio of 16.89 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.54 by $0.21. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business’s revenue was up 30.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. Sell-side analysts forecast that Pembina Pipeline will post 2.38 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.81%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is currently 85.00%.

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.