Analysts Set Pembina Pipeline Co. (NYSE:PBA) PT at $44.75

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned an average rating of “Moderate Buy” from the three research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $44.75.

A number of research firms have issued reports on PBA. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Finally, CIBC increased their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday, April 19th.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $35.71 on Friday. The firm has a market cap of $20.69 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 5.29 and a beta of 1.20. Pembina Pipeline has a 52-week low of $28.15 and a 52-week high of $36.17. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $35.00 and its two-hundred day moving average is $33.69.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. On average, research analysts expect that Pembina Pipeline will post 2.24 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a $0.4944 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.54%. Pembina Pipeline’s dividend payout ratio is currently 89.14%.

Institutional Investors Weigh In On Pembina Pipeline

Large investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at $133,917,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Pembina Pipeline by 340.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,640,000 shares of the pipeline company’s stock valued at $79,412,000 after buying an additional 2,040,000 shares during the last quarter. Capital World Investors purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at $32,541,000. Mackenzie Financial Corp grew its position in shares of Pembina Pipeline by 5.7% in the 4th quarter. Mackenzie Financial Corp now owns 12,652,115 shares of the pipeline company’s stock valued at $435,812,000 after buying an additional 680,945 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Pembina Pipeline by 8.3% in the 3rd quarter. Toronto Dominion Bank now owns 7,699,608 shares of the pipeline company’s stock valued at $231,450,000 after buying an additional 593,061 shares during the last quarter. 55.37% of the stock is 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.