Pembina Pipeline (NYSE:PBA) Shares Down 2.8% - Should You Sell?

Pembina Pipeline Corp. (NYSE:PBA - Get Free Report) TSE: PPL dropped 2.8% during mid-day trading on Wednesday . The company traded as low as $36.48 and last traded at $36.87. Approximately 440,290 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 1,282,615 shares. The stock had previously closed at $37.93.

Analyst Upgrades and Downgrades

PBA has been the subject of a number of research analyst reports. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Barclays reissued an "overweight" rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Pembina Pipeline Stock Up 1.7%

The business has a fifty day moving average of $37.82 and a 200 day moving average of $37.61. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of 16.96 and a beta of 0.76. 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 (NYSE:PBA - Get Free Report) TSE: PPL last posted its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company earned $0.73 EPS. The company's revenue for the quarter was up 48.2% on a year-over-year basis. On average, equities analysts predict that Pembina Pipeline Corp. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.5109 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.45%. Pembina Pipeline's payout ratio is presently 93.21%.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Pembina Pipeline by 1.6% in the first quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company's stock valued at $1,011,833,000 after purchasing an additional 409,379 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Pembina Pipeline by 3.0% in the fourth quarter. Deutsche Bank AG now owns 14,247,662 shares of the pipeline company's stock valued at $526,451,000 after buying an additional 413,373 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Pembina Pipeline by 10.6% in the fourth quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock valued at $514,154,000 after buying an additional 1,331,294 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Pembina Pipeline by 78.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company's stock valued at $283,770,000 after buying an additional 3,108,920 shares during the last quarter. Finally, TD Asset Management Inc boosted its holdings in Pembina Pipeline by 2.4% in the first quarter. TD Asset Management Inc now owns 6,950,836 shares of the pipeline company's stock valued at $277,985,000 after acquiring an additional 161,114 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Company Profile

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.