Pembina Pipeline (NYSE:PBA) Reaches New 12-Month High at $41.58

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL's share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.58 and last traded at $41.30, with a volume of 95454 shares traded. The stock had previously closed at $41.12.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PBA shares. UBS Group started coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup increased their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Trading Up 0.6 %

The business's fifty day simple moving average is $39.24 and its 200 day simple moving average is $37.23. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The stock has a market cap of $23.98 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 5.70 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.21. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. The company's revenue was up 30.5% on a year-over-year basis. As a group, analysts expect that Pembina Pipeline Co. will post 2.38 EPS for the current year.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.84%. The ex-dividend date is Monday, September 16th. Pembina Pipeline's dividend payout ratio (DPR) is presently 88.70%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PBA. ICA Group Wealth Management LLC bought a new position in shares of Pembina Pipeline in the 4th quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company's stock valued at $37,000 after purchasing an additional 462 shares during the last quarter. Beacon Capital Management LLC bought a new position in shares of Pembina Pipeline in the 1st quarter valued at about $37,000. Creekmur Asset Management LLC bought a new position in shares of Pembina Pipeline in the 4th quarter valued at about $62,000. Finally, Mather Group LLC. bought a new position in shares of Pembina Pipeline in the 1st quarter valued at about $88,000. Institutional investors own 55.37% of the company's stock.

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.