Pembina Pipeline Co. (NYSE:PBA) Receives Consensus Rating of “Hold” from Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have earned an average rating of “Hold” from the three brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $56.50.

Several equities research analysts have recently commented on PBA shares. UBS Group started coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating for the company. Citigroup boosted 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.

Pembina Pipeline Price Performance

Shares of PBA opened at $42.67 on Friday. Pembina Pipeline has a 52-week low of $28.34 and a 52-week high of $42.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.68. The business’s 50 day moving average price is $39.91 and its two-hundred day moving average price is $37.62. The firm has a market cap of $24.74 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 5.68 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.54 by $0.21. The firm 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%. The company’s quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, equities analysts anticipate that Pembina Pipeline will post 2.42 EPS for the current year.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a yield of 4.69%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 88.70%.

Institutional Investors Weigh In On Pembina Pipeline

Several institutional investors have recently bought and sold shares of the stock. Granite Group Advisors LLC grew its holdings in Pembina Pipeline by 5.2% during the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock worth $237,000 after buying an additional 330 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 387 shares during the period. Gold Investment Management Ltd. grew its stake in Pembina Pipeline by 4.4% in the 2nd quarter. Gold Investment Management Ltd. now owns 10,562 shares of the pipeline company’s stock valued at $392,000 after purchasing an additional 444 shares during the period. Oppenheimer Asset Management Inc. grew its stake in Pembina Pipeline by 2.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,341 shares of the pipeline company’s stock valued at $680,000 after purchasing an additional 478 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Pembina Pipeline by 3.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the pipeline company’s stock valued at $503,000 after purchasing an additional 500 shares during the period. 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.