Pembina Pipeline (NYSE:PBA) Reaches New 12-Month High - Should You Buy?

Key Points

• Pembina's stock hit a new 52‑week high — it traded as high as $45.92 (last $45.9690) and is trading above its 50‑day ($43.03) and 200‑day ($40.11) moving averages.
• Analyst sentiment is mixed with a consensus "Hold" and a consensus price target of $60, following recent upgrades and downgrades across firms (one Strong Buy, three Buy, five Hold, one Sell).
• Fundamentals show a Q‑EPS beat but revenue decline and a high dividend payout — the company reported $0.56 EPS vs $0.50 expected while revenue fell 10.8% y/y to $1.02B, and it declared a $0.71 quarterly dividend (6.2% yield) with a payout ratio of ~109.5%.

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL's share price hit a new 52-week high during trading on Thursday . The company traded as high as $45.92 and last traded at $45.9690, with a volume of 70173 shares. The stock had previously closed at $45.62.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. TD Securities lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Tuesday, February 17th. Weiss Ratings raised Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 2nd. BMO Capital Markets reiterated a "market perform" rating on shares of Pembina Pipeline in a research report on Friday, February 27th. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Thursday, March 19th. Finally, Zacks Research raised shares of Pembina Pipeline from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of "Hold" and a consensus price target of $60.00.

Pembina Pipeline Stock Up 0.5%

The company has a market capitalization of $26.66 billion, a P/E ratio of 24.18 and a beta of 0.68. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $43.03 and a 200-day simple moving average of $40.11.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, beating 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 return on equity of 11.17% and a net margin of 21.76%.Pembina Pipeline's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. On average, equities research analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $2.84 annualized dividend and a yield of 6.2%. Pembina Pipeline's payout ratio is 109.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. JARISLOWSKY FRASER Ltd boosted its holdings in shares of Pembina Pipeline by 1,894.9% in the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company's stock valued at $356,468,000 after buying an additional 8,372,612 shares during the last quarter. Norges Bank bought a new stake in Pembina Pipeline during the second quarter worth $229,613,000. CIBC Asset Management Inc raised its position in Pembina Pipeline by 47.4% during the second quarter. CIBC Asset Management Inc now owns 7,547,536 shares of the pipeline company's stock worth $283,823,000 after acquiring an additional 2,427,939 shares in the last quarter. BCV Asset Management Inc. acquired a new stake in Pembina Pipeline in the fourth quarter valued at $61,412,000. Finally, Morgan Stanley lifted its stake in Pembina Pipeline by 45.4% in the fourth quarter. Morgan Stanley now owns 4,723,159 shares of the pipeline company's stock valued at $179,763,000 after acquiring an additional 1,475,320 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Company Profile

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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