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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company.

PBA has been the subject of a number of research reports. National Bankshares upgraded Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pembina Pipeline in a research report on Wednesday, October 8th. Wells Fargo & Company cut Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. National Bank Financial upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 25th. Finally, Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in shares of Pembina Pipeline by 3,903.6% in the first quarter. GAMMA Investing LLC now owns 3,363 shares of the pipeline company’s stock valued at $135,000 after buying an additional 3,279 shares during the period. Farther Finance Advisors LLC increased its position in Pembina Pipeline by 363.5% during the 1st quarter. Farther Finance Advisors LLC now owns 3,467 shares of the pipeline company’s stock valued at $140,000 after purchasing an additional 2,719 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Pembina Pipeline by 11.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company’s stock worth $728,000 after purchasing an additional 1,824 shares during the last quarter. Dunhill Financial LLC lifted its position in shares of Pembina Pipeline by 42.6% in the 1st quarter. Dunhill Financial LLC now owns 1,925 shares of the pipeline company’s stock worth $77,000 after purchasing an additional 575 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Pembina Pipeline by 7.1% in the 1st quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 29,275 shares of the pipeline company’s stock valued at $1,169,000 after purchasing an additional 1,953 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

PBA stock opened at $38.49 on Thursday. The stock has a market cap of $22.36 billion, a price-to-earnings ratio of 18.07 and a beta of 0.76. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The company has a 50 day simple moving average of $38.60 and a 200 day simple moving average of $37.89. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were paid a $0.71 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, September 15th. Pembina Pipeline’s payout ratio is presently 97.18%.

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.