Analysts Set Pembina Pipeline Co. (NYSE:PBA) Price Target at $56.50

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have been given a consensus recommendation of "Hold" by the four ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $56.50.

Several equities research analysts have recently commented on PBA shares. UBS Group started coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup upped their target price on Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, August 28th. Finally, Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an "outperform" rating on the stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Godsey & Gibb Inc. acquired a new position in Pembina Pipeline in the 3rd quarter worth about $25,000. Safe Harbor Fiduciary LLC acquired a new position in Pembina Pipeline in the 3rd quarter worth about $26,000. Prospera Private Wealth LLC acquired a new position in Pembina Pipeline in the 3rd quarter worth about $26,000. Dunhill Financial LLC acquired a new position in Pembina Pipeline in the 3rd quarter worth about $28,000. Finally, Blue Trust Inc. increased its position in Pembina Pipeline by 223.8% in the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock worth $30,000 after purchasing an additional 508 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Trading Down 3.1 %

Shares of NYSE PBA traded down $1.33 during mid-day trading on Monday, hitting $41.60. 3,460,666 shares of the company traded hands, compared to its average volume of 1,118,928. Pembina Pipeline has a 1 year low of $32.39 and a 1 year high of $43.44. The stock has a market capitalization of $24.15 billion, a price-to-earnings ratio of 17.19 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average of $41.94 and a two-hundred day moving average of $39.38.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 6.63%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline's payout ratio is presently 84.30%.

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.