Pembina Pipeline Co. (NYSE:PBA) Receives Consensus Rating of "Hold" from Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have earned a consensus recommendation of "Hold" from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $56.50.

Several equities analysts have issued reports on PBA shares. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Barclays assumed coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an "overweight" rating on the stock. Finally, TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock.

Institutional Investors Weigh In On Pembina Pipeline

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in Pembina Pipeline by 71.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock valued at $130,501,000 after buying an additional 1,319,709 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Pembina Pipeline by 338.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock valued at $47,598,000 after buying an additional 995,735 shares in the last quarter. AGF Management Ltd. lifted its stake in Pembina Pipeline by 612.7% in the 4th quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock valued at $40,025,000 after buying an additional 929,206 shares in the last quarter. Intact Investment Management Inc. lifted its stake in Pembina Pipeline by 83.2% in the 3rd quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company's stock valued at $81,498,000 after buying an additional 897,940 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Pembina Pipeline by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock valued at $919,503,000 after buying an additional 770,729 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

Shares of NYSE PBA traded up $0.20 during midday trading on Friday, reaching $36.88. 909,100 shares of the company were exchanged, compared to its average volume of 1,481,781. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a 1 year low of $32.81 and a 1 year high of $43.44. The stock has a fifty day simple moving average of $37.21 and a 200 day simple moving average of $39.56. The stock has a market cap of $21.41 billion, a P/E ratio of 15.24 and a beta of 1.25.

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.