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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $56.50.

PBA has been the topic of a number of recent analyst reports. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. TD Securities assumed coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, Barclays assumed coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock.

Pembina Pipeline Trading Down 0.5 %

NYSE PBA opened at $38.35 on Wednesday. The firm’s 50-day moving average is $36.90 and its two-hundred day moving average is $39.36. Pembina Pipeline has a 12 month low of $33.83 and a 12 month 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 stock has a market capitalization of $22.26 billion, a P/E ratio of 15.85 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.99%. Pembina Pipeline’s payout ratio is 86.76%.

Institutional Trading of Pembina Pipeline

A number of large investors have recently made changes to their positions in PBA. Prospera Private Wealth LLC purchased a new stake in shares of Pembina Pipeline during the third quarter worth approximately $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Pembina Pipeline during the third quarter worth approximately $26,000. Versant Capital Management Inc purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $27,000. Sound Income Strategies LLC purchased a new position in Pembina Pipeline in the fourth quarter valued at approximately $27,000. Finally, Dunhill Financial LLC purchased a new position in Pembina Pipeline in the third quarter valued at approximately $28,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

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.