Pembina Pipeline (NYSE:PBA) Coverage Initiated by Analysts at TD Securities

TD Securities started coverage on shares of Pembina Pipeline (NYSE:PBA - Free Report) TSE: PPL in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating on the pipeline company's stock.

PBA has been the topic of a number of other reports. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an "outperform" rating on the stock. Barclays assumed coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an "overweight" rating on the stock. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Trading Up 0.5 %

Shares of NYSE PBA traded up $0.19 during trading hours on Wednesday, hitting $36.93. The company's stock had a trading volume of 750,504 shares, compared to its average volume of 1,227,323. Pembina Pipeline has a 12 month low of $32.81 and a 12 month high of $43.44. The stock has a market cap of $21.44 billion, a price-to-earnings ratio of 15.26 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The business has a 50-day simple moving average of $39.04 and a 200-day simple moving average of $39.68.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.47%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, December 16th. Pembina Pipeline's dividend payout ratio (DPR) is presently 80.58%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Eastern Bank purchased a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $29,000. JCIC Asset Management Inc. increased its holdings in shares of Pembina Pipeline by 16.1% during the fourth quarter. JCIC Asset Management Inc. now owns 4,808 shares of the pipeline company's stock valued at $178,000 after acquiring an additional 668 shares in the last quarter. A. D. Beadell Investment Counsel Inc. raised its position in shares of Pembina Pipeline by 2.2% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 86,045 shares of the pipeline company's stock worth $3,179,000 after purchasing an additional 1,828 shares during the last quarter. Versant Capital Management Inc bought a new position in Pembina Pipeline in the 4th quarter worth about $27,000. Finally, JPMorgan Chase & Co. grew its position in Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock valued at $167,000,000 after purchasing an additional 624,958 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

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.