Wall Street Zen downgraded shares of Pembina Pipeline (NYSE:PBA - Free Report) TSE: PPL from a hold rating to a sell rating in a research report released on Saturday morning.
Several other research firms have also recently issued reports on PBA. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Jefferies Financial Group cut shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Wells Fargo & Company cut shares of Pembina Pipeline from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 6th. 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. Finally, Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.
View Our Latest Analysis on Pembina Pipeline
Pembina Pipeline Price Performance
Shares of Pembina Pipeline stock traded up $0.28 during trading hours on Friday, reaching $35.78. 889,680 shares of the company's stock were exchanged, compared to its average volume of 1,327,879. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $43.44. The company has a market capitalization of $20.79 billion, a P/E ratio of 16.80 and a beta of 0.78. The business has a fifty day moving average of $37.20 and a two-hundred day moving average of $37.53. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81.
Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a net margin of 23.24% and a return on equity of 12.27%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the business earned $0.73 earnings per share. Pembina Pipeline's revenue was up 48.2% compared to the same quarter last year. As a group, research analysts predict that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.
Pembina Pipeline Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 7.9%. The ex-dividend date of this dividend is Monday, September 15th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.51. Pembina Pipeline's payout ratio is currently 95.77%.
Institutional Investors Weigh In On Pembina Pipeline
Several large investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. grew its holdings in Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after acquiring an additional 277 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Pembina Pipeline in the 1st quarter valued at $27,000. Dunhill Financial LLC raised its stake in Pembina Pipeline by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock worth $50,000 after acquiring an additional 675 shares in the last quarter. Larson Financial Group LLC raised its stake in Pembina Pipeline by 53.4% during the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $54,000 after acquiring an additional 467 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in 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 during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.
About Pembina Pipeline
(
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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.
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