Pembina Pipeline Co. (NYSE:PBA) Receives $44.75 Average Price Target from Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have earned a consensus recommendation of "Moderate Buy" from the three brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $44.75.

A number of brokerages have commented on PBA. StockNews.com raised shares of Pembina Pipeline from a "hold" rating to a "buy" rating in a research report on Friday, April 12th. TheStreet raised shares of Pembina Pipeline from a "c" rating to a "b-" rating in a research report on Thursday, February 29th. Finally, CIBC increased their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an "outperformer" rating in a research report on Friday.

Hedge Funds Weigh In On Pembina Pipeline

Several large investors have recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. lifted its position in Pembina Pipeline by 3.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 18,803 shares of the pipeline company's stock valued at $664,000 after acquiring an additional 609 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Pembina Pipeline by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company's stock valued at $45,360,000 after acquiring an additional 29,743 shares in the last quarter. Requisite Capital Management LLC bought a new position in Pembina Pipeline in the 1st quarter valued at about $353,000. Ausbil Investment Management Ltd bought a new position in Pembina Pipeline in the 1st quarter valued at about $5,693,000. Finally, Viking Fund Management LLC lifted its position in Pembina Pipeline by 0.9% in the 1st quarter. Viking Fund Management LLC now owns 91,400 shares of the pipeline company's stock valued at $3,230,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 1.7 %

PBA traded up $0.58 during trading on Friday, reaching $34.87. 1,917,816 shares of the stock traded hands, compared to its average volume of 1,058,280. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $20.21 billion, a PE ratio of 15.78, a P/E/G ratio of 5.10 and a beta of 1.20. The stock's 50-day moving average is $34.86 and its 200 day moving average is $33.50. Pembina Pipeline has a 12 month low of $28.15 and a 12 month high of $36.17.

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

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.4944 dividend. This is a boost 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 yield of 5.67%. 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.