Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.20 and last traded at $36.18, with a volume of 63625 shares changing hands. The stock had previously closed at $36.03.
Analysts Set New Price Targets
A number of research firms have commented on PBA. TheStreet upgraded shares of Pembina Pipeline from a "c" rating to a "b-" rating in a research report on Thursday, February 29th. CIBC upped their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an "outperformer" rating in a research report on Friday, April 19th. Finally, StockNews.com upgraded Pembina Pipeline from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $52.00.
Read Our Latest Analysis on Pembina Pipeline
Pembina Pipeline Stock Up 1.2 %
The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a market capitalization of $21.13 billion, a P/E ratio of 16.38, a PEG ratio of 5.28 and a beta of 1.20. The stock's fifty day moving average is $35.20 and its two-hundred day moving average is $34.02.
Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.34. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. As a group, research analysts predict that Pembina Pipeline Co. will post 2.24 earnings per share for the current fiscal year.
Pembina Pipeline Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. This represents a $1.98 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is presently 88.69%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC boosted its stake in Pembina Pipeline by 456.7% in the 3rd quarter. SG Americas Securities LLC now owns 17,960 shares of the pipeline company's stock worth $540,000 after purchasing an additional 14,734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pembina Pipeline by 21.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,823 shares of the pipeline company's stock valued at $3,740,000 after buying an additional 21,652 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Pembina Pipeline by 9.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,403,263 shares of the pipeline company's stock worth $42,182,000 after acquiring an additional 118,508 shares during the period. Advisor Partners II LLC grew its stake in Pembina Pipeline by 4.2% during the 3rd quarter. Advisor Partners II LLC now owns 10,697 shares of the pipeline company's stock valued at $322,000 after acquiring an additional 431 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Pembina Pipeline by 10.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,264,880 shares of the pipeline company's stock valued at $38,138,000 after acquiring an additional 114,545 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.
Pembina Pipeline Company Profile
(
Get Free Report)
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.
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