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

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been assigned an average rating of “Hold” from the three research firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $56.50.

A number of equities research analysts have recently commented on the stock. Citigroup raised their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. UBS Group started coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating on the stock.

Pembina Pipeline Price Performance

NYSE:PBA opened at $40.66 on Wednesday. The firm’s fifty day moving average is $39.01 and its two-hundred day moving average is $37.08. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 5.71 and a beta of 1.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.68. Pembina Pipeline has a one year low of $28.15 and a one year high of $41.40.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.21. The firm had revenue of $1.36 billion for 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 revenue was up 30.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 earnings per share. Research analysts expect that Pembina Pipeline will post 2.38 EPS for the current year.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.92%. Pembina Pipeline’s dividend payout ratio is presently 87.83%.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds have recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new stake in shares of Pembina Pipeline during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC lifted its stake in shares of Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares during the last quarter. Beacon Capital Management LLC purchased a new position in shares of Pembina Pipeline during the 1st quarter worth $37,000. Creekmur Asset Management LLC acquired a new stake in shares of Pembina Pipeline during the 4th quarter worth about $62,000. Finally, Mather Group LLC. acquired a new stake in shares of Pembina Pipeline during the 1st quarter worth about $88,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

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.