Pembina Pipeline Corp. (NYSE:PBA) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Pembina Pipeline Corp. (NYSE:PBA) has received a consensus recommendation of "Moderate Buy" from ten research firms, indicating a generally positive outlook among analysts.
• The company recently announced a dividend increase to $0.71 per share, reflecting an annualized yield of 7.6% and up from the previous $0.51 quarterly dividend.
• Pembina's shares opened at $37.47, with a market capitalization of $21.76 billion, and have a 52-week trading range between $34.13 and $43.44.

Shares of Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL have received an average recommendation of "Moderate Buy" from the ten analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several equities research analysts have issued reports on PBA shares. National Bank Financial upgraded Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Jefferies Financial Group downgraded Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday, July 23rd. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Wells Fargo & Company downgraded Pembina Pipeline from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 6th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Pembina Pipeline in a report on Monday, August 11th.

Pembina Pipeline Stock Up 0.6%

PBA stock traded up $0.22 during midday trading on Wednesday, hitting $37.75. 979,187 shares of the company's stock were exchanged, compared to its average volume of 1,477,141. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81. Pembina Pipeline has a 12-month low of $34.13 and a 12-month high of $43.44. The firm has a 50 day moving average price of $37.04 and a 200-day moving average price of $37.57. The stock has a market capitalization of $21.93 billion, a price-to-earnings ratio of 17.72 and a beta of 0.78.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a yield of 7.5%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.51. Pembina Pipeline's dividend payout ratio (DPR) is 97.18%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PBA. Cetera Investment Advisers grew its holdings in shares of Pembina Pipeline by 6.2% during the first quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company's stock valued at $1,933,000 after purchasing an additional 2,834 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Pembina Pipeline by 25.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,428,833 shares of the pipeline company's stock valued at $57,196,000 after purchasing an additional 288,003 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Pembina Pipeline by 11.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company's stock valued at $728,000 after purchasing an additional 1,824 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Pembina Pipeline by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company's stock valued at $62,839,000 after purchasing an additional 25,265 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Pembina Pipeline by 18.0% during the first quarter. Catalyst Capital Advisors LLC now owns 445,057 shares of the pipeline company's stock valued at $17,816,000 after purchasing an additional 67,797 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.