Pembina Pipeline Co. (NYSE:PBA) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have earned an average recommendation of "Hold" from the three ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $56.50.

A number of research firms have recently weighed in on PBA. UBS Group initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a "neutral" rating on the stock. Citigroup raised their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research report on Wednesday, August 28th.

Pembina Pipeline Price Performance

PBA traded up $0.24 during trading on Friday, hitting $42.67. 1,773,846 shares of the stock traded hands, compared to its average volume of 1,397,950. The business has a 50 day moving average price of $39.91 and a 200 day moving average price of $37.64. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. Pembina Pipeline has a twelve month low of $28.34 and a twelve month high of $42.76. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 5.83 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings results 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 return on equity of 13.68% and a net margin of 23.50%. The company had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter in the previous year, the firm earned $0.45 EPS. Pembina Pipeline's revenue was up 30.5% on a year-over-year basis. Equities research analysts forecast that Pembina Pipeline will post 2.42 earnings per share for the current fiscal year.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.50 dividend. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.69%. Pembina Pipeline's dividend payout ratio (DPR) is presently 88.70%.

Institutional Investors Weigh In On Pembina Pipeline

A number of institutional investors have recently added to or reduced their stakes in PBA. Capital World Investors acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth $32,541,000. Shell Asset Management Co. raised its position in shares of Pembina Pipeline by 146.0% in the 4th quarter. Shell Asset Management Co. now owns 29,888 shares of the pipeline company's stock worth $1,033,000 after acquiring an additional 17,740 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at about $62,000. Vanguard Group Inc. boosted its position in shares of Pembina Pipeline by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 21,592,770 shares of the pipeline company's stock valued at $743,223,000 after purchasing an additional 370,234 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Pembina Pipeline by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,973 shares of the pipeline company's stock worth $928,000 after purchasing an additional 1,437 shares during the period. 55.37% of the stock is owned by 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.