Pembina Pipeline (NYSE:PBA) Hits New 1-Year High at $41.76

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.76 and last traded at $41.73, with a volume of 155065 shares changing hands. The stock had previously closed at $41.24.

Analysts Set New Price Targets

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

Pembina Pipeline Price Performance

The company has a market capitalization of $24.32 billion, a PE ratio of 18.23, a PEG ratio of 5.70 and a beta of 1.25. 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 company's 50 day moving average price is $39.65 and its 200-day moving average price is $37.48.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company earned $0.45 EPS. The company's revenue was up 30.5% on a year-over-year basis. On average, sell-side analysts forecast that Pembina Pipeline Co. will post 2.42 earnings per share for the current fiscal year.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.77%. Pembina Pipeline's payout ratio is currently 88.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in Pembina Pipeline during the 4th quarter worth approximately $25,000. Beacon Capital Management LLC bought a new stake in shares of Pembina Pipeline in the 1st quarter worth about $37,000. Creekmur Asset Management LLC acquired a new stake in shares of Pembina Pipeline in the 4th quarter valued at about $62,000. EverSource Wealth Advisors LLC lifted its position in shares of Pembina Pipeline by 30.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock worth $65,000 after purchasing an additional 387 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in Pembina Pipeline in the first quarter worth about $88,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

About Pembina Pipeline

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.