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 an average rating of "Hold" from the six brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $56.50.

PBA has been the topic of several recent analyst reports. Raymond James began coverage on Pembina Pipeline in a report on Friday, October 11th. They set an "outperform" rating on the stock. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Barclays initiated coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an "overweight" rating on the stock.

Pembina Pipeline Price Performance

Shares of NYSE PBA traded up $0.38 during mid-day trading on Tuesday, reaching $36.72. The company had a trading volume of 1,138,973 shares, compared to its average volume of 1,285,247. Pembina Pipeline has a 1-year low of $32.81 and a 1-year high of $43.44. The stock has a market cap of $21.32 billion, a PE ratio of 15.17 and a beta of 1.25. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a 50-day moving average price of $39.15 and a two-hundred day moving average price of $39.69.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.52%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's payout ratio is currently 80.58%.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors have recently modified their holdings of PBA. Godsey & Gibb Inc. bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth $25,000. Safe Harbor Fiduciary LLC bought a new position in shares of Pembina Pipeline in the third quarter worth about $26,000. Prospera Private Wealth LLC acquired a new position in shares of Pembina Pipeline during the 3rd quarter worth about $26,000. Dunhill Financial LLC bought a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $28,000. Finally, Versant Capital Management Inc acquired a new stake in Pembina Pipeline in the 4th quarter valued at approximately $27,000. Institutional investors own 55.37% of the company's stock.

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.