Pembina Pipeline Co. (NYSE:PBA) Given Average Rating of "Moderate Buy" by Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $56.00.

PBA has been the subject of a number of recent research reports. TD Securities initiated coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th.

Institutional Investors Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in shares of Pembina Pipeline by 13.1% during the first quarter. Sequoia Financial Advisors LLC now owns 16,060 shares of the pipeline company's stock valued at $643,000 after acquiring an additional 1,854 shares during the last quarter. Bessemer Group Inc. increased its holdings in Pembina Pipeline by 5.7% during the 1st quarter. Bessemer Group Inc. now owns 20,598 shares of the pipeline company's stock valued at $825,000 after purchasing an additional 1,107 shares during the period. JCIC Asset Management Inc. raised its position in Pembina Pipeline by 6.8% during the 1st quarter. JCIC Asset Management Inc. now owns 5,133 shares of the pipeline company's stock valued at $205,000 after purchasing an additional 325 shares during the last quarter. Keudell Morrison Wealth Management purchased a new stake in Pembina Pipeline in the 1st quarter worth approximately $200,000. Finally, Oppenheimer Asset Management Inc. grew its position in shares of Pembina Pipeline by 2.4% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 19,996 shares of the pipeline company's stock worth $800,000 after buying an additional 475 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $38.10 on Thursday. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of 15.74 and a beta of 0.89. The stock's 50-day moving average is $37.93 and its 200 day moving average is $38.81. 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 $34.13 and a 1-year high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's dividend payout ratio is 86.76%.

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.

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