Pembina Pipeline Corp. (NYSE:PBA) Stock Has Consensus Price Target of $64.00 According to Analysts

Key Points

• Analysts give Pembina Pipeline a “Moderate Buy” consensus, with five buy ratings and five hold ratings. The average 12-month price target is $64.00, compared with the stock’s reported price of $50.31.
• Institutional investors own 55.37% of Pembina Pipeline, with several major funds recently establishing or increasing positions, including Cardinal Capital Management, Canada Pension Plan Investment Board and Deutsche Bank.
• The company reported quarterly EPS of $0.48, slightly below the $0.49 consensus estimate, while revenue of $1.07 billion also missed expectations. Pembina maintains an annualized dividend of C$2.94, representing a reported yield of 5.8%.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL has been given a consensus recommendation of "Moderate Buy" by the ten research firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $64.00.

A number of equities research analysts recently weighed in on PBA shares. Wall Street Zen upgraded shares of Pembina Pipeline from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. TD Securities reissued a "buy" rating on shares of Pembina Pipeline in a research note on Friday, October 16th. Weiss Ratings cut shares of Pembina Pipeline from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday. Raymond James Financial restated an "outperform" rating on shares of Pembina Pipeline in a research report on Wednesday, October 14th. Finally, Scotiabank lowered shares of Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a research note on Monday, July 20th.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBA. Cardinal Capital Management Inc. increased its position in shares of Pembina Pipeline by 102.4% during the 3rd quarter. Cardinal Capital Management Inc. now owns 7,356,398 shares of the pipeline company's stock valued at $329,243,000 after purchasing an additional 3,721,819 shares during the period. The Manufacturers Life Insurance Company bought a new position in Pembina Pipeline during the second quarter valued at about $285,738,000. Canada Pension Plan Investment Board acquired a new position in Pembina Pipeline during the second quarter worth about $264,907,000. Deutsche Bank AG acquired a new position in Pembina Pipeline during the second quarter worth about $262,233,000. Finally, Legal & General Group Plc bought a new stake in Pembina Pipeline in the second quarter worth about $199,230,000. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Down 0.1%

PBA opened at $50.31 on Monday. Pembina Pipeline has a 12 month low of $36.20 and a 12 month high of $51.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. The stock has a market cap of $29.26 billion, a P/E ratio of 24.66 and a beta of 0.62. The stock's 50 day moving average price is $47.81 and its 200 day moving average price is $47.52.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the firm earned $0.65 EPS. The firm's revenue was up 20.1% on a year-over-year basis. As a group, research analysts predict that Pembina Pipeline will post 2.20 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a dividend of C$0.73 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Tuesday, September 15th. Pembina Pipeline's dividend payout ratio (DPR) is currently 103.92%.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954, the company owns and operates pipelines and related facilities that transport and process hydrocarbon products, primarily in Western Canada.

Pembina's operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and infrastructure for moving natural gas liquids such as propane, butane and ethane.

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