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 six brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $56.50.

PBA has been the subject of a number of recent research reports. Raymond James initiated coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an "outperform" rating for the company. Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday. Barclays initiated coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an "overweight" rating on the stock. UBS Group began coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a "neutral" rating on the stock. Finally, Citigroup upped their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 28th.

Pembina Pipeline Stock Performance

Shares of PBA traded up $0.34 during midday trading on Friday, reaching $36.41. 1,007,112 shares of the stock were exchanged, compared to its average volume of 1,147,841. The stock's 50 day simple moving average is $41.10 and its 200 day simple moving average is $39.65. The company has a market cap of $21.14 billion, a P/E ratio of 15.05 and a beta of 1.24. Pembina Pipeline has a twelve month low of $32.81 and a twelve month high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date is Monday, December 16th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a yield of 7.58%. Pembina Pipeline's dividend payout ratio is presently 84.30%.

Hedge Funds Weigh In On Pembina Pipeline

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in Pembina Pipeline by 14.2% during the third quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company's stock worth $44,518,000 after purchasing an additional 127,027 shares during the period. Geode Capital Management LLC lifted its position in shares of Pembina Pipeline by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company's stock valued at $113,531,000 after acquiring an additional 251,982 shares during the period. Barclays PLC boosted its stake in Pembina Pipeline by 86.5% during the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock worth $2,226,000 after acquiring an additional 25,031 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Pembina Pipeline in the third quarter valued at $2,094,000. Finally, MML Investors Services LLC acquired a new position in shares of Pembina Pipeline during the third quarter valued at about $228,000. 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.