Pembina Pipeline Corp. (NYSE:PBA) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Consensus "Hold" — Ten brokerages give Pembina an average rating of "Hold" (1 sell, 5 hold, 3 buy, 1 strong buy) with a one‑year consensus target of $60, and JPMorgan recently raised its target to $60 while keeping a neutral stance.
• Mixed results and dividend risk — Pembina beat EPS estimates ($0.56 vs. $0.50) but revenue fell 10.8% YoY and missed expectations; the stock yields 6.3% annually while carrying a high payout ratio of 109.47%, raising sustainability concerns.

Shares of Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL have received an average recommendation of "Hold" from the ten brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $60.00.

A number of research firms have recently issued reports on PBA. Weiss Ratings raised Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. TD Securities lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Tuesday, February 17th. Zacks Research raised Pembina Pipeline from a "strong sell" rating to a "hold" rating in a report on Friday, January 23rd. BMO Capital Markets reissued a "market perform" rating on shares of Pembina Pipeline in a report on Friday, February 27th. Finally, JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, March 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PBA. AQR Capital Management LLC acquired a new position in Pembina Pipeline during the first quarter worth $374,000. Focus Partners Wealth acquired a new position in Pembina Pipeline during the first quarter worth $312,000. Invesco Ltd. grew its holdings in Pembina Pipeline by 10.7% during the second quarter. Invesco Ltd. now owns 2,791,549 shares of the pipeline company's stock worth $104,711,000 after acquiring an additional 269,420 shares during the period. Marshall Wace LLP acquired a new position in Pembina Pipeline during the second quarter worth $253,000. Finally, Cresset Asset Management LLC grew its holdings in Pembina Pipeline by 4.1% during the second quarter. Cresset Asset Management LLC now owns 13,684 shares of the pipeline company's stock worth $513,000 after acquiring an additional 534 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Trading Up 0.2%

NYSE:PBA opened at $44.73 on Thursday. The firm has a market cap of $26.00 billion, a P/E ratio of 23.54 and a beta of 0.62. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The stock's 50 day simple moving average is $44.04 and its 200-day simple moving average is $40.51. Pembina Pipeline has a 12-month low of $34.13 and a 12-month high of $46.19.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.41 billion. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The company's revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. Equities analysts anticipate that Pembina Pipeline will post 2.15 EPS for the current year.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.71 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.3%. Pembina Pipeline's payout ratio is presently 109.47%.

About Pembina Pipeline

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.