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

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL has been assigned a consensus rating of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $56.50.

PBA has been the topic of a number of recent research reports. Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Barclays began 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 shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Safe Harbor Fiduciary LLC acquired a new stake in shares of Pembina Pipeline in the 3rd quarter valued at $26,000. Dunhill Financial LLC acquired a new position in Pembina Pipeline in the third quarter valued at about $28,000. Versant Capital Management Inc acquired a new position in Pembina Pipeline in the fourth quarter valued at about $27,000. Sound Income Strategies LLC bought a new stake in Pembina Pipeline during the fourth quarter worth about $27,000. Finally, Eastern Bank acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $29,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

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Pembina Pipeline Stock Performance

NYSE:PBA traded down $0.23 during trading hours on Friday, hitting $40.65. 214,142 shares of the company traded hands, compared to its average volume of 1,256,916. 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 stock has a market capitalization of $23.60 billion, a price-to-earnings ratio of 16.80 and a beta of 1.26. The firm has a 50-day moving average of $37.77 and a 200 day moving average of $39.28. Pembina Pipeline has a twelve month low of $33.83 and a twelve month high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.4783 per share. The ex-dividend date was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.71%. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.

About Pembina Pipeline

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.