Pembina Pipeline Corp. (NYSE:PBA) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $56.00.

Several equities analysts have issued reports on PBA shares. 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 research note on Wednesday, June 25th. Finally, Barclays reaffirmed an "overweight" rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd.

Pembina Pipeline Price Performance

PBA traded up $0.04 during trading on Tuesday, hitting $36.87. The company's stock had a trading volume of 626,131 shares, compared to its average volume of 1,295,867. The firm's 50 day moving average price is $37.55 and its two-hundred day moving average price is $37.51. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. Pembina Pipeline has a 12 month low of $34.13 and a 12 month high of $43.44. The stock has a market capitalization of $21.42 billion, a price-to-earnings ratio of 16.68 and a beta of 0.76.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data 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. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.73 EPS. The business's revenue for the quarter was up 48.2% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.5109 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.54%. 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 is currently 93.21%.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its holdings in Pembina Pipeline by 69.9% in the first 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 Pembina Pipeline in the first quarter valued at about $27,000. VSM Wealth Advisory LLC bought a new stake in Pembina Pipeline in the fourth quarter valued at about $37,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pembina Pipeline in the fourth quarter valued at about $40,000. Finally, Dunhill Financial LLC increased its holdings in Pembina Pipeline by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock valued at $50,000 after purchasing an additional 675 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

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.