Pembina Pipeline (NYSE:PBA) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of Pembina Pipeline (NYSE:PBA - Free Report) TSE: PPL in a research report sent to investors on Thursday, Marketbeat.com reports. The firm issued an overweight rating on the pipeline company's stock.

Several other research firms have also issued reports on PBA. Raymond James initiated coverage on Pembina Pipeline in a report on Friday, October 11th. They set an "outperform" rating for the company. Citigroup boosted their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, August 28th. Finally, UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a "neutral" rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $56.50.

Pembina Pipeline Stock Performance

PBA traded down $0.34 during trading on Thursday, hitting $38.62. The company's stock had a trading volume of 730,289 shares, compared to its average volume of 1,131,362. The business's 50 day simple moving average is $41.73 and its 200-day simple moving average is $39.65. The firm has a market cap of $22.42 billion, a PE ratio of 15.94 and a beta of 1.24. Pembina Pipeline has a one year low of $32.39 and a one year 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 paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 7.15%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline's dividend payout ratio (DPR) is presently 84.30%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PBA. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in Pembina Pipeline in the third quarter worth about $26,000. Safe Harbor Fiduciary LLC purchased a new position in Pembina Pipeline during the 3rd quarter valued at $26,000. Dunhill Financial LLC bought a new position in Pembina Pipeline in the 3rd quarter valued at $28,000. Finally, Blue Trust Inc. increased its stake 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 buying an additional 508 shares during the period. 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.