Pembina Pipeline Corp. (NYSE:PBA) Stock Rated “Moderate Buy” by Sell-Side Analysts

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $64.00.

Several equities analysts have commented on the stock. Weiss Ratings lowered shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 18th. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a report on Friday, July 31st. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. TD Securities reaffirmed a “buy” rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th.

Pembina Pipeline Stock Up 0.5%

NYSE PBA opened at $46.13 on Thursday. The stock has a 50 day moving average price of $47.85 and a 200-day moving average price of $47.15. Pembina Pipeline has a one year low of $36.20 and a one year high of $51.58. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62. The company has a market capitalization of $26.83 billion, a P/E ratio of 22.62 and a beta of 0.62.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. As a group, equities analysts predict that Pembina Pipeline will post 2.2 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were given a dividend of C$0.73 per share. The ex-dividend date was Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.4%. Pembina Pipeline’s dividend payout ratio is 103.92%.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors and hedge funds have recently modified their holdings of PBA. CIBC Asset Management Inc raised its holdings in Pembina Pipeline by 17.8% during the 4th quarter. CIBC Asset Management Inc now owns 8,620,307 shares of the pipeline company’s stock valued at $329,245,000 after buying an additional 1,304,227 shares during the period. The Manufacturers Life Insurance Company bought a new position in Pembina Pipeline during the 2nd quarter valued at about $285,738,000. Geode Capital Management LLC increased its stake in Pembina Pipeline by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 5,781,068 shares of the pipeline company’s stock worth $224,837,000 after purchasing an additional 385,201 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Pembina Pipeline during the second quarter worth $264,907,000. Finally, Deutsche Bank AG bought a new stake in shares of Pembina Pipeline during the second quarter worth $262,233,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides transportation and midstream services for the oil, natural gas and natural gas liquids industries. Its operations are focused primarily on Western Canada, where it connects hydrocarbon-producing regions with processing facilities, storage sites, refineries, petrochemical markets and export channels.

The company owns and operates an extensive network of pipelines and related infrastructure. Its services include hydrocarbon gathering and transportation, natural gas processing, fractionation and storage of natural gas liquids, terminalling and rail services.