Pembina Pipeline Co. (NYSE:PBA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $56.00.

PBA has been the subject of a number of recent analyst reports. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd.

Institutional Trading of Pembina Pipeline

Several institutional investors and hedge funds have recently modified their holdings of PBA. Barclays PLC lifted its position in shares of Pembina Pipeline by 86.5% during the 3rd quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock worth $2,226,000 after buying an additional 25,031 shares during the last quarter. Empowered Funds LLC increased its holdings in Pembina Pipeline by 39.3% in the 4th quarter. Empowered Funds LLC now owns 17,186 shares of the pipeline company’s stock worth $635,000 after purchasing an additional 4,852 shares in the last quarter. Van ECK Associates Corp increased its holdings in Pembina Pipeline by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company’s stock worth $8,335,000 after purchasing an additional 16,762 shares in the last quarter. Principal Securities Inc. increased its holdings in Pembina Pipeline by 2,597.1% in the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 883 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in Pembina Pipeline by 84.5% in the 4th quarter. Allworth Financial LP now owns 3,175 shares of the pipeline company’s stock worth $118,000 after purchasing an additional 1,454 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Performance

PBA opened at $38.02 on Friday. The business has a fifty day simple moving average of $37.60 and a 200 day simple moving average of $37.75. The company has a market capitalization of $22.09 billion, a PE ratio of 15.71 and a beta of 0.76. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.23. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The company’s revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. Research analysts expect that Pembina Pipeline will post 2.15 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.5109 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Monday, June 16th. Pembina Pipeline’s dividend payout ratio is currently 93.21%.

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.