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

Key Points

• Pembina Pipeline Corp. (NYSE:PBA) has received a consensus rating of "Moderate Buy" from nine analysts, with five recommending a buy and one suggesting a strong buy.
• The company recently increased its quarterly dividend to $0.5109, up from $0.48, resulting in an annualized yield of 5.5%.
• Pembina Pipeline reported a profit of $0.80 per share for the last quarter, surpassing estimates, and showed a 48.2% year-over-year revenue growth.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL has been assigned a consensus rating of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $56.00.

Several research analysts have recently issued reports on PBA shares. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Barclays reaffirmed an "overweight" rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd. Jefferies Financial Group downgraded shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Finally, National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th.

Pembina Pipeline Trading Down 1.4%

Shares of NYSE PBA traded down $0.51 during mid-day trading on Friday, hitting $36.82. The company's stock had a trading volume of 1,060,270 shares, compared to its average volume of 1,323,513. The stock has a market cap of $21.39 billion, a price-to-earnings ratio of 16.67 and a beta of 0.78. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.64 and a quick ratio of 0.52. Pembina Pipeline has a one year low of $34.13 and a one year high of $43.44. The company's fifty day simple moving average is $37.26 and its 200-day simple moving average is $37.55.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its earnings results 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. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. Pembina Pipeline had a net margin of 23.73% and a return on equity of 12.61%. The company's revenue for the quarter was up 48.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS. On average, sell-side analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.5109 dividend. The ex-dividend date was Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.6%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio is 93.67%.

Institutional Trading of Pembina Pipeline

Hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its holdings in Pembina Pipeline by 11.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company's stock worth $728,000 after buying an additional 1,824 shares during the period. Bank of Nova Scotia Trust Co. raised its holdings in Pembina Pipeline by 20.9% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock worth $12,466,000 after buying an additional 58,366 shares during the period. Catalyst Capital Advisors LLC raised its holdings in Pembina Pipeline by 18.0% during the 1st quarter. Catalyst Capital Advisors LLC now owns 445,057 shares of the pipeline company's stock worth $17,816,000 after buying an additional 67,797 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Pembina Pipeline during the 4th quarter worth approximately $459,000. Finally, Montrusco Bolton Investments Inc. acquired a new stake in Pembina Pipeline during the 1st quarter worth approximately $16,221,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

About Pembina Pipeline

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.