Pembina Pipeline Co. (NYSE:PBA) Receives Average Rating of “Hold” from Analysts

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been given an average recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $56.50.

Several research analysts have recently weighed in on PBA shares. Raymond James began coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating on the stock. Citigroup boosted their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. UBS Group began coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating on the stock. Barclays initiated coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Finally, Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Pembina Pipeline Stock Up 0.9 %

Pembina Pipeline stock opened at $36.89 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a 1-year low of $32.81 and a 1-year high of $43.44. The company has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $39.68. The company has a market cap of $21.42 billion, a P/E ratio of 15.24 and a beta of 1.24.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 7.48%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.30%.

Institutional Trading of Pembina Pipeline

Several institutional investors and hedge funds have recently modified their holdings of PBA. Godsey & Gibb Inc. bought a new position in Pembina Pipeline in the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline in the 3rd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter valued at approximately $26,000. Dunhill Financial LLC acquired a new position in Pembina Pipeline during the 3rd quarter worth approximately $28,000. Finally, Blue Trust Inc. increased its position in Pembina Pipeline by 223.8% during the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 508 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

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.