Pembina Pipeline (NYSE:PBA) Now Covered by Analysts at UBS Group

UBS Group started coverage on shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports. The firm issued a neutral rating on the pipeline company’s stock.

Several other analysts also recently commented on the stock. Citigroup raised their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a neutral rating in a report on Wednesday, August 28th. Scotiabank cut shares of Pembina Pipeline from a strong-buy rating to a hold rating in a research report on Sunday, May 19th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of Hold and an average target price of $56.50.

Pembina Pipeline Trading Up 1.2 %

Shares of NYSE PBA opened at $41.28 on Wednesday. The company’s 50 day simple moving average is $38.87 and its 200 day simple moving average is $36.98. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. The firm has a market capitalization of $23.95 billion, a P/E ratio of 17.95, a P/E/G ratio of 5.65 and a beta of 1.25. Pembina Pipeline has a fifty-two week low of $28.15 and a fifty-two week high of $41.40.

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

Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend is Monday, September 16th. Pembina Pipeline’s dividend payout ratio is currently 87.83%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Mediolanum International Funds Ltd acquired a new stake in shares of Pembina Pipeline in the first quarter valued at approximately $1,745,000. Quantbot Technologies LP grew its stake in Pembina Pipeline by 10,862.7% in the 1st quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock valued at $1,143,000 after buying an additional 32,045 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Pembina Pipeline by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock valued at $45,360,000 after acquiring an additional 29,743 shares during the period. UBS Group AG lifted its position 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 acquiring an additional 73,776 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in Pembina Pipeline by 248.9% in the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock valued at $1,129,000 after purchasing an additional 22,790 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

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.