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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $64.00.

Several brokerages have recently issued reports on PBA. BMO Capital Markets reiterated a “market perform” rating and set a $68.00 price target on shares of Pembina Pipeline in a report on Friday, July 3rd. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Friday, July 3rd. TD Securities reissued a “buy” rating on shares of Pembina Pipeline in a research report on Thursday. Wall Street Zen lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Finally, Weiss Ratings cut Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday.

Institutional Investors Weigh In On Pembina Pipeline

A number of institutional investors have recently added to or reduced their stakes in PBA. Empowered Funds LLC increased its stake in shares of Pembina Pipeline by 1.0% in the fourth quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock valued at $931,000 after buying an additional 248 shares during the period. Larson Financial Group LLC lifted its stake in shares of Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after acquiring an additional 259 shares during the period. Ethic Inc. boosted its holdings in Pembina Pipeline by 2.0% in the fourth quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock valued at $539,000 after acquiring an additional 278 shares during the last quarter. Broderick Brian C boosted its holdings in Pembina Pipeline by 0.9% in the first quarter. Broderick Brian C now owns 32,823 shares of the pipeline company’s stock valued at $1,469,000 after acquiring an additional 300 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in Pembina Pipeline by 3.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 9,768 shares of the pipeline company’s stock worth $372,000 after purchasing an additional 341 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Trading Up 0.6%

Shares of NYSE:PBA opened at $51.28 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.68 and a current ratio of 0.83. The stock has a market capitalization of $29.82 billion, a price-to-earnings ratio of 26.71 and a beta of 0.57. Pembina Pipeline has a 1-year low of $35.45 and a 1-year high of $51.56. The company has a 50 day moving average price of $48.00 and a 200 day moving average price of $44.54.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.07. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The company’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. On average, research analysts anticipate that Pembina Pipeline will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.735 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.7%. Pembina Pipeline’s dividend payout ratio is presently 110.94%.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.