Pembina Pipeline (NYSE:PBA) Reaches New 1-Year High – What’s Next?

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $43.44 and last traded at $42.93, with a volume of 1205675 shares. The stock had previously closed at $43.17.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group assumed coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Raymond James assumed coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, Citigroup raised their target price on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Stock Down 0.6 %

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 fifty day moving average price of $41.92 and a two-hundred day moving average price of $39.33. The company has a market cap of $24.92 billion, a P/E ratio of 17.74 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Monday, December 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.30%.

Institutional Trading of Pembina Pipeline

A number of institutional investors and hedge funds have recently modified their holdings of PBA. Bessemer Group Inc. increased its position in shares of Pembina Pipeline by 3,170.3% during the first quarter. Bessemer Group Inc. now owns 19,491 shares of the pipeline company’s stock valued at $688,000 after acquiring an additional 18,895 shares during the last quarter. BOKF NA increased its position in shares of Pembina Pipeline by 2,582.1% during the first quarter. BOKF NA now owns 8,529 shares of the pipeline company’s stock valued at $302,000 after acquiring an additional 8,211 shares during the last quarter. BTG Pactual Global Asset Management Ltd purchased a new stake in shares of Pembina Pipeline during the first quarter valued at approximately $2,207,000. Janus Henderson Group PLC increased its position in shares of Pembina Pipeline by 3.4% during the first quarter. Janus Henderson Group PLC now owns 60,676 shares of the pipeline company’s stock valued at $2,144,000 after acquiring an additional 2,000 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its position in shares of Pembina Pipeline by 10.4% during the first quarter. B. Riley Wealth Advisors Inc. now owns 19,628 shares of the pipeline company’s stock valued at $694,000 after acquiring an additional 1,843 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

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.