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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned an average recommendation of “Moderate Buy” from the three ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $44.75.

Several research firms recently commented on PBA. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. CIBC raised their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday. Finally, TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds have recently modified their holdings of PBA. ICA Group Wealth Management LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter valued at about $25,000. Baystate Wealth Management LLC bought a new stake in Pembina Pipeline during the fourth quarter worth about $34,000. EverSource Wealth Advisors LLC boosted its stake in Pembina Pipeline by 74.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 462 shares in the last quarter. Harbour Investments Inc. bought a new stake in Pembina Pipeline during the fourth quarter worth about $43,000. Finally, Coppell Advisory Solutions Corp. bought a new stake in Pembina Pipeline during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of PBA stock traded up $0.59 during trading hours on Friday, hitting $34.88. 1,362,055 shares of the company were exchanged, compared to its average volume of 1,055,064. The firm has a fifty day simple moving average of $34.83 and a 200 day simple moving average of $33.46. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. Pembina Pipeline has a 52-week low of $28.15 and a 52-week high of $36.17. The stock has a market capitalization of $20.21 billion, a price-to-earnings ratio of 15.78, a P/E/G ratio of 5.10 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Research analysts predict that Pembina Pipeline will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.4944 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.69%.

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.