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Weiss Ratings Reaffirms Hold (C+) Rating for Pembina Pipeline (NYSE:PBA)

Pembina Pipeline logo with Energy background

Key Points

  • Weiss Ratings has reaffirmed a "hold (C+)" rating for Pembina Pipeline, indicating a cautious outlook for investors following previous mixed ratings from other financial firms.
  • Pembina Pipeline's current stock price is $40.73, with a market capitalization of $23.67 billion and an average rating of "Moderate Buy" from analysts.
  • Institutional investors currently hold 55.37% of Pembina Pipeline's stock, reflecting significant interest in the company's operations in energy transportation and midstream services.
  • MarketBeat previews the top five stocks to own by November 1st.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL's stock had its "hold (c+)" rating reissued by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

PBA has been the subject of several other reports. Raymond James Financial reissued an "outperform" rating on shares of Pembina Pipeline in a report on Monday, August 11th. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Wall Street Zen downgraded shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Pembina Pipeline has an average rating of "Moderate Buy".

Get Our Latest Analysis on Pembina Pipeline

Pembina Pipeline Price Performance

NYSE:PBA opened at $40.73 on Wednesday. The company has a 50-day moving average of $38.41 and a 200-day moving average of $37.92. The company has a market capitalization of $23.67 billion, a price-to-earnings ratio of 19.12 and a beta of 0.76. Pembina Pipeline has a 52 week low of $34.13 and a 52 week high of $43.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77.

Institutional Trading of Pembina Pipeline

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in shares of Pembina Pipeline by 69.9% in the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after purchasing an additional 277 shares during the period. N.E.W. Advisory Services LLC bought a new position in Pembina Pipeline during the first quarter worth about $27,000. Larson Financial Group LLC increased its position in Pembina Pipeline by 53.4% during the first 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 during the period. State of Wyoming bought a new position in Pembina Pipeline during the second quarter worth about $58,000. Finally, Ameritas Advisory Services LLC bought a new position in Pembina Pipeline during the second quarter worth about $66,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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