Pembina Pipeline Co. (NYSE:PBA) Given Consensus Rating of "Hold" by Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL have been given a consensus recommendation of "Hold" by the seven analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.50.

PBA has been the subject of several recent analyst reports. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an "overweight" rating for the company. TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th.

Pembina Pipeline Price Performance

NYSE:PBA traded up $0.11 during mid-day trading on Wednesday, hitting $37.83. 1,172,565 shares of the stock traded hands, compared to its average volume of 1,099,151. The business's 50-day moving average price is $36.84 and its 200 day moving average price is $39.37. The company has a market cap of $21.97 billion, a PE ratio of 15.63 and a beta of 1.26. Pembina Pipeline has a 12-month low of $33.83 and a 12-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.

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Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a yield of 5.06%. The ex-dividend date is Monday, March 17th. Pembina Pipeline's dividend payout ratio is currently 86.76%.

Institutional Trading of Pembina Pipeline

A number of institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its holdings in shares of Pembina Pipeline by 10.6% during the 4th quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock valued at $514,154,000 after acquiring an additional 1,331,294 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Pembina Pipeline by 140.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 122,237 shares of the pipeline company's stock worth $4,515,000 after buying an additional 71,482 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Pembina Pipeline by 1,591.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,155,558 shares of the pipeline company's stock worth $116,440,000 after buying an additional 2,968,994 shares during the last quarter. USS Investment Management Ltd boosted its holdings in shares of Pembina Pipeline by 54.9% in the fourth quarter. USS Investment Management Ltd now owns 110,640 shares of the pipeline company's stock worth $4,084,000 after buying an additional 39,206 shares during the last quarter. Finally, Vident Advisory LLC purchased a new position in shares of Pembina Pipeline in the fourth quarter worth approximately $6,738,000. Hedge funds and other 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.