Pembina Pipeline (NYSE:PBA) Reaches New 52-Week High at $41.58

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) shares hit a new 52-week high on Tuesday . The company traded as high as $41.58 and last traded at $41.30, with a volume of 95454 shares trading hands. The stock had previously closed at $41.12.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group began coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating on the stock. Citigroup increased their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Price Performance

The company has a 50 day moving average price of $39.24 and a 200 day moving average price of $37.23. The firm has a market cap of $23.98 billion, a PE ratio of 17.87, a PEG ratio of 5.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. Pembina Pipeline’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 earnings per share. Sell-side analysts expect that Pembina Pipeline Co. will post 2.38 EPS for the current fiscal year.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a $0.50 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.84%. Pembina Pipeline’s dividend payout ratio is presently 88.70%.

Hedge Funds Weigh In On Pembina Pipeline

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in Pembina Pipeline by 7.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,795,502 shares of the pipeline company’s stock worth $61,801,000 after buying an additional 120,191 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Pembina Pipeline by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,973 shares of the pipeline company’s stock worth $928,000 after purchasing an additional 1,437 shares during the last quarter. UBS Group AG raised its stake in Pembina Pipeline by 24.2% during the fourth quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock worth $13,025,000 after purchasing an additional 73,776 shares during the period. Clearbridge Investments LLC acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at $861,000. Finally, Corient Private Wealth LLC grew its stake in shares of Pembina Pipeline by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 36,514 shares of the pipeline company’s stock valued at $1,263,000 after buying an additional 931 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

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.