Pembina Pipeline Co. (NYSE:PBA) Given Average Rating of "Hold" by Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have received an average rating of "Hold" from the four ratings firms that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $56.50.

PBA has been the subject of several recent research reports. Raymond James assumed coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an "outperform" rating for the company. Citigroup boosted their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, August 28th. Finally, UBS Group began coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a "neutral" rating on the stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PBA. Vanguard Group Inc. boosted its holdings in shares of Pembina Pipeline by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 22,053,531 shares of the pipeline company's stock worth $779,372,000 after buying an additional 460,761 shares during the period. Toronto Dominion Bank raised its stake in shares of Pembina Pipeline by 97.2% in the 2nd quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company's stock valued at $331,439,000 after buying an additional 4,405,792 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Pembina Pipeline by 56.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company's stock valued at $311,142,000 after buying an additional 3,043,200 shares in the last quarter. ClearBridge Investments Ltd raised its stake in shares of Pembina Pipeline by 12.3% in the 1st quarter. ClearBridge Investments Ltd now owns 7,173,059 shares of the pipeline company's stock valued at $253,496,000 after buying an additional 784,814 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of Pembina Pipeline by 7.5% in the 2nd quarter. CIBC Asset Management Inc now owns 5,924,706 shares of the pipeline company's stock valued at $219,689,000 after buying an additional 414,419 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

NYSE PBA traded down $0.09 during trading hours on Thursday, reaching $41.82. The company's stock had a trading volume of 788,116 shares, compared to its average volume of 1,120,459. 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 business has a 50-day simple moving average of $41.47 and a 200 day simple moving average of $38.56. Pembina Pipeline has a 52 week low of $30.52 and a 52 week high of $43.44. The stock has a market cap of $24.27 billion, a PE ratio of 17.43, a PEG ratio of 5.94 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.21. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business's revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. Equities research analysts predict that Pembina Pipeline will post 2.38 earnings per share for the current fiscal year.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.78%. Pembina Pipeline's dividend payout ratio (DPR) is 85.00%.

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.