Pembina Pipeline (NYSE:PBA) Price Target Raised to $57.00 at CIBC

Pembina Pipeline (NYSE:PBA - Free Report) TSE: PPL had its price target upped by CIBC from $56.00 to $57.00 in a research report report published on Friday morning, Benzinga reports. They currently have an outperformer rating on the pipeline company's stock.

A number of other equities research analysts have also recently issued reports on the company. TheStreet upgraded Pembina Pipeline from a c rating to a b- rating in a research note on Thursday, February 29th. StockNews.com upgraded Pembina Pipeline from a hold rating to a buy rating in a research note on Friday, April 12th. One 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, Pembina Pipeline currently has an average rating of Moderate Buy and an average target price of $52.00.

Pembina Pipeline Stock Performance

Shares of NYSE PBA traded up $0.58 during mid-day trading on Friday, reaching $34.87. 1,917,816 shares of the company's stock were exchanged, compared to its average volume of 1,058,280. The firm has a market capitalization of $20.21 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 5.10 and a beta of 1.20. Pembina Pipeline has a 52 week low of $28.15 and a 52 week high of $36.17. 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 firm has a 50-day moving average price of $34.86 and a two-hundred day moving average price of $33.50.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.83 billion. Analysts predict that Pembina Pipeline will post 2.23 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. This represents a $1.98 annualized dividend and a dividend yield of 5.67%. Pembina Pipeline's payout ratio is presently 88.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PBA. First Trust Direct Indexing L.P. boosted its stake in Pembina Pipeline by 3.3% in the first quarter. First Trust Direct Indexing L.P. now owns 18,803 shares of the pipeline company's stock worth $664,000 after buying an additional 609 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Pembina Pipeline by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company's stock worth $45,360,000 after buying an additional 29,743 shares in the last quarter. Requisite Capital Management LLC purchased a new stake in Pembina Pipeline in the first quarter worth approximately $353,000. Ausbil Investment Management Ltd purchased a new stake in Pembina Pipeline in the first quarter worth approximately $5,693,000. Finally, Viking Fund Management LLC boosted its stake in Pembina Pipeline by 0.9% in the first quarter. Viking Fund Management LLC now owns 91,400 shares of the pipeline company's stock worth $3,230,000 after buying an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Company Profile

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.