Pembina Pipeline Corp. (NYSE:PBA) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts have a consensus rating of “Hold” on Pembina Pipeline from 10 firms (1 sell, 5 hold, 3 buy, 1 strong buy) with an average 1‑year price target of $60.00.
• Pembina reported quarterly EPS of $0.56 (beat $0.50) but revenue of $1.02B missed estimates and fell 10.8% year‑over‑year; the shares trade near $46.47 with a market cap of $27.02B and a PE of 24.46, and the company pays a quarterly dividend of $0.71 (annualized $2.84) yielding 6.1% with a payout ratio above 100%.

Shares of Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL have been given an average rating of "Hold" by the ten research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $60.00.

A number of research firms recently weighed in on PBA. Zacks Research upgraded shares of Pembina Pipeline from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd. TD Securities restated a "hold" rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. BMO Capital Markets restated a "market perform" rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. Weiss Ratings upgraded shares of Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Pembina Pipeline from $55.00 to $60.00 and gave the company a "neutral" rating in a research note on Thursday, March 19th.

Pembina Pipeline Trading Up 0.0%

Shares of Pembina Pipeline stock opened at $46.47 on Monday. The company's fifty day simple moving average is $44.30 and its 200-day simple moving average is $40.91. The stock has a market capitalization of $27.02 billion, a PE ratio of 24.46 and a beta of 0.58. Pembina Pipeline has a 1-year low of $35.45 and a 1-year high of $46.70. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.41 billion. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The company's revenue was down 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. As a group, equities analysts anticipate that Pembina Pipeline will post 2.18 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.1%. Pembina Pipeline's payout ratio is 109.47%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC increased its holdings in Pembina Pipeline by 2.4% in the 1st quarter. Kestra Advisory Services LLC now owns 37,770 shares of the pipeline company's stock valued at $1,691,000 after acquiring an additional 890 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its holdings in Pembina Pipeline by 0.7% in the 1st quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,357,100 shares of the pipeline company's stock valued at $60,744,000 after acquiring an additional 10,000 shares during the last quarter. Abel Hall LLC bought a new stake in Pembina Pipeline in the 1st quarter valued at $224,000. Stephens Inc. AR bought a new stake in Pembina Pipeline in the 1st quarter valued at $211,000. Finally, Pictet Asset Management Holding SA increased its holdings in Pembina Pipeline by 0.9% in the 1st quarter. Pictet Asset Management Holding SA now owns 252,256 shares of the pipeline company's stock valued at $11,256,000 after acquiring an additional 2,149 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

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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