Pembina Pipeline Corp. (NYSE:PBA) Given Consensus Recommendation of “Hold” by Analysts

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has earned a consensus rating of “Hold” from the eleven analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $62.6667.

A number of research firms have commented on PBA. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. TD Securities raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. lifted their price objective on Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Finally, Royal Bank Of Canada lifted their price objective on Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, May 11th.

Pembina Pipeline Stock Down 1.0%

Pembina Pipeline stock opened at $46.72 on Tuesday. The firm has a market cap of $27.16 billion, a price-to-earnings ratio of 24.33 and a beta of 0.57. The stock has a fifty day simple moving average of $46.85 and a two-hundred day simple moving average of $43.57. Pembina Pipeline has a 12 month low of $35.45 and a 12 month high of $50.10. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its earnings results on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The company’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 EPS. Equities analysts predict that Pembina Pipeline will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.735 dividend. The ex-dividend date of this dividend is Monday, June 15th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 annualized dividend and a dividend yield of 6.3%. Pembina Pipeline’s dividend payout ratio is presently 110.94%.

Institutional Trading of Pembina Pipeline

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Pembina Pipeline by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 27,233,442 shares of the pipeline company’s stock worth $1,037,512,000 after acquiring an additional 541,615 shares during the period. FIL Ltd grew its holdings in shares of Pembina Pipeline by 2.6% in the fourth quarter. FIL Ltd now owns 13,978,558 shares of the pipeline company’s stock worth $532,541,000 after acquiring an additional 359,109 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Pembina Pipeline by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,828,960 shares of the pipeline company’s stock worth $375,236,000 after acquiring an additional 94,655 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Pembina Pipeline by 17.8% in the fourth quarter. CIBC Asset Management Inc now owns 8,620,307 shares of the pipeline company’s stock worth $329,245,000 after acquiring an additional 1,304,227 shares during the period. Finally, TD Asset Management Inc lifted its position in Pembina Pipeline by 3.9% during the third quarter. TD Asset Management Inc now owns 7,582,203 shares of the pipeline company’s stock valued at $306,634,000 after purchasing an additional 283,513 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.