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

Shares of Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL have received a consensus recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.00.

PBA has been the topic of several research reports. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Barclays reaffirmed an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd.

Pembina Pipeline Stock Down 2.8%

Shares of PBA stock opened at $36.27 on Tuesday. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.52 and a current ratio of 0.64. The firm has a market capitalization of $21.07 billion, a PE ratio of 16.41 and a beta of 0.76. The stock's 50-day simple moving average is $37.66 and its 200-day simple moving average is $37.52.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.57 by $0.23. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The company's revenue was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. Equities analysts expect that Pembina Pipeline will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.5109 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio (DPR) is currently 93.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PBA. Bank of New York Mellon Corp lifted its holdings in shares of Pembina Pipeline by 8.3% in the 4th quarter. Bank of New York Mellon Corp now owns 496,084 shares of the pipeline company's stock valued at $18,330,000 after buying an additional 38,140 shares during the period. US Bancorp DE lifted its holdings in shares of Pembina Pipeline by 10.2% in the 4th quarter. US Bancorp DE now owns 12,303 shares of the pipeline company's stock valued at $455,000 after buying an additional 1,142 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Pembina Pipeline by 5.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 26,554 shares of the pipeline company's stock valued at $981,000 after buying an additional 1,374 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Pembina Pipeline by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,545,980 shares of the pipeline company's stock valued at $57,091,000 after buying an additional 38,624 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Pembina Pipeline in the 4th quarter valued at approximately $2,832,000. 55.37% of the stock is currently owned by hedge funds and other 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.

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