Pembina Pipeline Co. (NYSE:PBA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com 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 issued a report on the stock in the last year is $56.50.

Several research analysts recently weighed in on the company. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays began coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating on the stock. Finally, TD Securities started coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating for the company.

Institutional Trading of Pembina Pipeline

Several hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Pembina Pipeline by 8.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,507,356 shares of the pipeline company’s stock worth $62,201,000 after buying an additional 121,005 shares during the period. Cerity Partners LLC increased its position in shares of Pembina Pipeline by 60.1% during the third quarter. Cerity Partners LLC now owns 32,186 shares of the pipeline company’s stock worth $1,327,000 after acquiring an additional 12,081 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of Pembina Pipeline by 4.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock valued at $286,000 after acquiring an additional 273 shares in the last quarter. Larson Financial Group LLC boosted its holdings in Pembina Pipeline by 67.6% in the third quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $55,000 after purchasing an additional 541 shares during the period. Finally, FMR LLC grew its stake in Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after purchasing an additional 510,873 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $39.91 on Friday. The firm has a 50 day simple moving average of $37.59 and a 200-day simple moving average of $39.29. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 16.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline has a 1-year low of $33.83 and a 1-year high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.4783 dividend. This represents a $1.91 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio is currently 86.76%.

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.