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

Key Points

• Pembina Pipeline Corp. has received a consensus recommendation of "Moderate Buy" from nine research firms, with ratings varying from sell to strong buy.
• The company recently declared a quarterly dividend of $0.71, increasing from the previous $0.51, resulting in an annual yield of 7.1% for investors.
• Pembina Pipeline's stock is currently trading at $40.03, with a market cap of $23.25 billion and a 12-month trading range from $34.13 to $43.44.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL has been given an average recommendation of "Moderate Buy" by the nine brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of research analysts have commented on PBA shares. National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. BMO Capital Markets restated an "outperform" rating on shares of Pembina Pipeline in a research note on Monday, August 11th. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Wall Street Zen lowered shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group lowered shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Wednesday, July 23rd.

Pembina Pipeline Stock Up 1.3%

NYSE:PBA traded up $0.51 during midday trading on Friday, hitting $40.23. 486,112 shares of the company were exchanged, compared to its average volume of 1,333,556. The company has a fifty day simple moving average of $37.58 and a 200 day simple moving average of $37.78. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $23.38 billion, a PE ratio of 18.88 and a beta of 0.79.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $0.71 dividend. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Monday, September 15th. Pembina Pipeline's dividend payout ratio (DPR) is presently 96.24%.

Institutional Trading of Pembina Pipeline

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 277 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Pembina Pipeline in the first quarter valued at about $27,000. Larson Financial Group LLC boosted its holdings in shares of Pembina Pipeline by 53.4% in the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock valued at $54,000 after acquiring an additional 467 shares in the last quarter. State of Wyoming purchased a new stake in shares of Pembina Pipeline in the second quarter valued at about $58,000. Finally, Versant Capital Management Inc boosted its holdings in shares of Pembina Pipeline by 108.3% in the first quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock valued at $61,000 after acquiring an additional 793 shares in the last quarter. Hedge funds and other 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.