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

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL has been given an average rating of "Moderate Buy" by the six research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.00.

Separately, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th.

Pembina Pipeline Stock Down 0.5%

PBA stock traded down $0.17 during mid-day trading on Monday, reaching $37.14. 1,801,104 shares of the company traded hands, compared to its average volume of 1,272,964. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm's 50 day moving average price is $38.23 and its 200 day moving average price is $38.22. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of 15.35 and a beta of 0.81. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.23. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. Pembina Pipeline's quarterly revenue was up 48.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, equities research analysts predict that Pembina Pipeline will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.5109 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 5.50%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio (DPR) is currently 89.14%.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors have recently modified their holdings of the business. Sound Income Strategies LLC bought a new stake in Pembina Pipeline during the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its position in shares of Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after purchasing an additional 277 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Pembina Pipeline during the 1st quarter worth $27,000. Principal Securities Inc. raised its stake in shares of Pembina Pipeline by 2,597.1% during the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after purchasing an additional 883 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Pembina Pipeline by 880.0% in the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after buying an additional 880 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

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.