Pembina Pipeline Co. (NYSE:PBA) Receives $56.00 Consensus Target Price from Analysts

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $56.00.

Several analysts have weighed in on PBA shares. TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating for the company. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th.

Institutional Trading of Pembina Pipeline

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Pembina Pipeline in the fourth quarter worth about $171,860,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Pembina Pipeline by 1,591.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,155,558 shares of the pipeline company's stock worth $116,440,000 after buying an additional 2,968,994 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Pembina Pipeline during the 4th quarter valued at about $73,073,000. Mackenzie Financial Corp raised its stake in shares of Pembina Pipeline by 10.6% in the fourth quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock valued at $514,154,000 after acquiring an additional 1,331,294 shares during the period. Finally, Hillsdale Investment Management Inc. increased its stake in Pembina Pipeline by 338.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock worth $47,598,000 after purchasing an additional 995,735 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

PBA traded down $0.09 on Thursday, hitting $38.76. 61,729 shares of the stock traded hands, compared to its average volume of 1,264,333. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The business has a fifty day moving average price of $38.07 and a two-hundred day moving average price of $38.68. The firm has a market capitalization of $22.52 billion, a PE ratio of 15.99 and a beta of 0.89. Pembina Pipeline has a 52 week low of $34.13 and a 52 week high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.4783 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Monday, March 17th. Pembina Pipeline's dividend payout ratio is currently 86.76%.

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.