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

Key Points

• Analysts give Pembina Pipeline a “Moderate Buy” consensus: Five of nine analysts rate the stock a buy, while four recommend holding it. The average 12-month price target is $64.00.
• Pembina reported quarterly EPS of $0.48, slightly below the $0.49 consensus estimate, while revenue reached $1.07 billion and increased 20.1% year over year.
• The company declared a quarterly dividend of $0.735, equivalent to an annualized $2.94 payout and a 6.0% yield; institutional investors and hedge funds own 55.37% of its shares.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL has earned a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.00.

Several analysts recently weighed in on PBA shares. TD Securities reaffirmed a "buy" rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a report on Thursday, May 21st. Scotiabank lowered shares of Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a report on Monday, July 20th. BMO Capital Markets restated a "market perform" rating on shares of Pembina Pipeline in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce reaffirmed an "outperform" rating on shares of Pembina Pipeline in a research report on Friday, July 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in shares of Pembina Pipeline in the 1st quarter valued at about $25,000. Tobam acquired a new position in Pembina Pipeline in the fourth quarter valued at approximately $28,000. Dunhill Financial LLC acquired a new position in Pembina Pipeline in the second quarter valued at approximately $31,000. N.E.W. Advisory Services LLC purchased a new position in Pembina Pipeline in the second quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Pembina Pipeline in the third quarter valued at approximately $31,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $48.72 on Wednesday. The stock's 50-day moving average is $48.38 and its two-hundred day moving average is $45.96. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. Pembina Pipeline has a 1-year low of $35.49 and a 1-year high of $51.58. The company has a market cap of $28.33 billion, a price-to-earnings ratio of 23.88 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the business earned $0.65 EPS. Pembina Pipeline's revenue for the quarter was up 20.1% on a year-over-year basis. Analysts forecast that Pembina Pipeline will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a $0.735 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.0%. Pembina Pipeline's dividend payout ratio (DPR) is currently 104.41%.

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.

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