Brokerages Set Pembina Pipeline Co. (NYSE:PBA) PT at $56.50

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $56.50.

PBA has been the subject of a number of recent research reports. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. TD Securities started coverage on Pembina Pipeline in a report on Wednesday. They set a “buy” rating for the company. Raymond James began coverage on Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $37.04 on Tuesday. The business has a 50-day simple moving average of $38.97 and a 200 day simple moving average of $39.66. Pembina Pipeline has a one year low of $32.81 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 15.30 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.69 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend was Monday, December 16th. Pembina Pipeline’s payout ratio is 80.58%.

Institutional Trading of Pembina Pipeline

Large investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. grew its position in shares of Pembina Pipeline by 24.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 33,622 shares of the pipeline company’s stock valued at $1,242,000 after acquiring an additional 6,514 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock valued at $108,000 after purchasing an additional 308 shares during the last quarter. Eastern Bank bought a new position in Pembina Pipeline during the fourth quarter valued at $29,000. JCIC Asset Management Inc. increased its position in Pembina Pipeline by 16.1% in the fourth quarter. JCIC Asset Management Inc. now owns 4,808 shares of the pipeline company’s stock worth $178,000 after buying an additional 668 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. raised its stake in shares of Pembina Pipeline by 2.2% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 86,045 shares of the pipeline company’s stock valued at $3,179,000 after buying an additional 1,828 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.