Analysts Set Pembina Pipeline Co. (NYSE:PBA) PT at $56.50

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $56.50.

Several equities analysts have recently weighed in on the company. Raymond James started coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating for the company. Barclays started coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, TD Securities assumed coverage on shares of Pembina Pipeline in a research note on Wednesday. They set a “buy” rating for the company.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds have recently bought and sold shares of the stock. Godsey & Gibb Inc. bought a new position in shares of Pembina Pipeline in the 3rd quarter worth $25,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline in the third quarter valued at $26,000. Safe Harbor Fiduciary LLC purchased a new stake in Pembina Pipeline during the third quarter valued at about $26,000. Versant Capital Management Inc purchased a new stake in Pembina Pipeline during the fourth quarter valued at about $27,000. Finally, Dunhill Financial LLC bought a new stake in Pembina Pipeline during the third quarter worth about $28,000. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Up 0.2 %

PBA opened at $37.04 on Tuesday. Pembina Pipeline has a 12 month low of $32.81 and a 12 month high of $43.44. The company has a market cap of $21.50 billion, a PE ratio of 15.30 and a beta of 1.25. 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 company has a 50 day moving average of $38.97 and a 200 day moving average of $39.66.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.45%. This is a boost 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 is 80.58%.

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.