Pembina Pipeline (NYSE:PBA) Announces Earnings Results

Pembina Pipeline (NYSE:PBA) (TSE:PPL) posted its quarterly earnings data on Thursday. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01), Zacks reports. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%.

Pembina Pipeline Trading Down 0.1%

NYSE PBA traded down $0.04 on Thursday, hitting $50.37. 727,567 shares of the stock were exchanged, compared to its average volume of 1,341,680. The company’s 50-day moving average price is $48.39 and its two-hundred day moving average price is $45.41. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. Pembina Pipeline has a 52-week low of $35.45 and a 52-week high of $51.58. The company has a market capitalization of $29.29 billion, a price-to-earnings ratio of 26.24 and a beta of 0.57.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, June 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s dividend payout ratio is presently 110.94%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PBA shares. Weiss Ratings upgraded shares of Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada increased their price objective on Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. BMO Capital Markets reissued a “market perform” rating and set a $68.00 price objective on shares of Pembina Pipeline in a research note on Friday, July 3rd. Finally, Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Hold” and a consensus price target of $64.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PBA. FIL Ltd lifted its stake in Pembina Pipeline by 2.6% in the 4th 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 in the last quarter. The Manufacturers Life Insurance Company grew its position in Pembina Pipeline by 1.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 9,828,960 shares of the pipeline company’s stock valued at $375,236,000 after purchasing an additional 94,655 shares in the last quarter. Scotia Capital Inc. increased its stake in Pembina Pipeline by 12.6% in the 3rd quarter. Scotia Capital Inc. now owns 6,425,487 shares of the pipeline company’s stock valued at $258,724,000 after buying an additional 717,773 shares during the period. Morgan Stanley increased its stake in Pembina Pipeline by 45.4% in the 4th quarter. Morgan Stanley now owns 4,723,159 shares of the pipeline company’s stock valued at $179,763,000 after buying an additional 1,475,320 shares during the period. Finally, Bank of Nova Scotia lifted its position in Pembina Pipeline by 17.4% in the 4th quarter. Bank of Nova Scotia now owns 4,064,371 shares of the pipeline company’s stock worth $154,835,000 after buying an additional 603,350 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

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.