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

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $56.00.

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

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its holdings in Pembina Pipeline by 69.9% during the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after purchasing an additional 277 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Pembina Pipeline by 11.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock worth $108,000 after purchasing an additional 308 shares in the last quarter. JCIC Asset Management Inc. raised its holdings in Pembina Pipeline by 6.8% during the first quarter. JCIC Asset Management Inc. now owns 5,133 shares of the pipeline company's stock worth $205,000 after purchasing an additional 325 shares in the last quarter. Headlands Technologies LLC raised its holdings in Pembina Pipeline by 23.2% during the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock worth $65,000 after purchasing an additional 333 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Pembina Pipeline by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock worth $846,000 after purchasing an additional 348 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Stock Up 1.0%

NYSE:PBA traded up $0.36 during mid-day trading on Monday, hitting $37.51. The company had a trading volume of 1,151,616 shares, compared to its average volume of 1,262,221. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $43.44. The firm has a market capitalization of $21.79 billion, a price-to-earnings ratio of 15.50 and a beta of 0.81. 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 simple moving average of $38.16 and a 200-day simple moving average of $38.14.

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, topping analysts' consensus estimates of $0.57 by $0.23. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The company's revenue for the quarter was up 48.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. Equities analysts forecast that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.5109 dividend. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's payout ratio is presently 89.14%.

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.