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 six research firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $56.00.

Several brokerages have weighed in on PBA. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th.

Pembina Pipeline Trading Down 2.2%

NYSE PBA traded down $0.84 on Friday, reaching $37.62. 1,793,848 shares of the company were exchanged, compared to its average volume of 1,290,091. The business's fifty day moving average price is $37.71 and its 200 day moving average price is $37.66. The stock has a market capitalization of $21.85 billion, a P/E ratio of 15.55 and a beta of 0.76. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. 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 quarterly earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the company posted $0.73 EPS. The company's quarterly revenue was up 48.2% on a year-over-year basis. Analysts forecast that Pembina Pipeline will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.5109 per share. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's dividend payout ratio is currently 93.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of Pembina Pipeline by 736.4% during the 1st quarter. Acadian Asset Management LLC now owns 36,800 shares of the pipeline company's stock worth $1,470,000 after acquiring an additional 32,400 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Pembina Pipeline by 247.0% in the 1st quarter. Intech Investment Management LLC now owns 47,233 shares of the pipeline company's stock valued at $1,889,000 after purchasing an additional 33,623 shares during the period. Focus Partners Wealth acquired a new stake in shares of Pembina Pipeline in the 1st quarter valued at about $312,000. Zimmer Partners LP acquired a new stake in shares of Pembina Pipeline in the 1st quarter valued at about $7,381,000. Finally, Guardian Partners Inc. boosted its position in shares of Pembina Pipeline by 5.4% in the 1st quarter. Guardian Partners Inc. now owns 240,350 shares of the pipeline company's stock valued at $8,836,000 after purchasing an additional 12,371 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

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.