Pembina Pipeline (NYSE:PBA) Sets New 52-Week High - Should You Buy?

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL's share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.73 and last traded at $46.2760, with a volume of 730777 shares. The stock had previously closed at $46.57.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PBA shares. TD Securities restated a "hold" rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. Zacks Research upgraded shares of Pembina Pipeline from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd. 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. Wall Street Zen downgraded shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, BMO Capital Markets restated a "market perform" rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Pembina Pipeline currently has an average rating of "Hold" and a consensus price target of $60.00.

Pembina Pipeline Stock Performance

The stock has a market capitalization of $26.90 billion, a P/E ratio of 24.36 and a beta of 0.58. The firm has a 50-day moving average of $44.35 and a 200 day moving average of $40.97. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

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

Pembina Pipeline Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Tobam acquired a new position in Pembina Pipeline during the fourth quarter worth $28,000. Caitong International Asset Management Co. Ltd acquired a new position in Pembina Pipeline during the third quarter worth $31,000. Westside Investment Management Inc. raised its stake in Pembina Pipeline by 100.0% during the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company's stock worth $32,000 after acquiring an additional 404 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in Pembina Pipeline by 441.2% during the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company's stock worth $37,000 after acquiring an additional 750 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Pembina Pipeline during the fourth quarter worth $36,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

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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