Pembina Pipeline Corp. (NYSE:PBA) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analysts remain moderately bullish: Pembina Pipeline received a consensus “Moderate Buy” rating from nine firms, with five buys and four holds. The average 12-month price target is $64.00 versus the reported share price of $44.65.
• Institutional ownership is substantial: Institutional investors own 55.37% of the company, with several investment firms increasing their positions during the second quarter.
• Results fell short of estimates, but the dividend remains attractive: Quarterly EPS came in at $0.48 versus the $0.49 consensus, while revenue totaled $1.07 billion against expectations of $1.46 billion. Pembina paid a quarterly dividend of C$0.73, representing an annualized yield of approximately 6.6%.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL has received an average rating of "Moderate Buy" from the nine research firms that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $64.00.

A number of analysts recently weighed in on the stock. TD Securities reaffirmed a "buy" rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Pembina Pipeline in a report on Friday, July 3rd. Wall Street Zen upgraded shares of Pembina Pipeline from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Scotiabank cut shares of Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a report on Monday, July 20th. Finally, Weiss Ratings downgraded Pembina Pipeline from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 18th.

Institutional Trading of Pembina Pipeline

A number of large investors have recently modified their holdings of the business. Tidal Investments LLC grew its holdings in shares of Pembina Pipeline by 5.8% during the second quarter. Tidal Investments LLC now owns 38,858 shares of the pipeline company's stock worth $1,797,000 after purchasing an additional 2,145 shares in the last quarter. M.E. Allison & CO. Inc. raised its stake in Pembina Pipeline by 4.9% in the second quarter. M.E. Allison & CO. Inc. now owns 7,815 shares of the pipeline company's stock valued at $361,000 after purchasing an additional 365 shares in the last quarter. Cidel Asset Management Inc. raised its stake in Pembina Pipeline by 22.0% in the second quarter. Cidel Asset Management Inc. now owns 307,057 shares of the pipeline company's stock valued at $14,202,000 after purchasing an additional 55,401 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in Pembina Pipeline during the second quarter valued at approximately $33,000. Finally, Baird Financial Group Inc. lifted its position in Pembina Pipeline by 15.0% during the second quarter. Baird Financial Group Inc. now owns 61,030 shares of the pipeline company's stock valued at $2,823,000 after purchasing an additional 7,948 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 0.3%

Shares of PBA opened at $44.65 on Thursday. The business's 50-day moving average price is $48.15 and its 200-day moving average price is $47.12. Pembina Pipeline has a twelve month low of $36.20 and a twelve month high of $51.58. The stock has a market cap of $25.96 billion, a PE ratio of 21.89 and a beta of 0.58. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The company's quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 earnings per share. On average, equities analysts forecast that Pembina Pipeline will post 2.2 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a C$0.73 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Tuesday, September 15th. Pembina Pipeline's dividend payout ratio is currently 103.92%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides transportation and midstream services for the oil, natural gas and natural gas liquids industries. Its operations are focused primarily on Western Canada, where it connects hydrocarbon-producing regions with processing facilities, storage sites, refineries, petrochemical markets and export channels.

The company owns and operates an extensive network of pipelines and related infrastructure. Its services include hydrocarbon gathering and transportation, natural gas processing, fractionation and storage of natural gas liquids, terminalling and rail services.

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