Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Consensus PT from Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $56.50.

Several equities analysts have commented on the stock. Barclays started coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. TD Securities started coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds have recently modified their holdings of PBA. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth $26,000. Versant Capital Management Inc acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth $27,000. Sound Income Strategies LLC acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth $27,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth $28,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $38.35 on Wednesday. The firm has a market capitalization of $22.26 billion, a P/E ratio of 15.85 and a beta of 1.26. Pembina Pipeline has a 52 week low of $33.83 and a 52 week 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. The firm’s 50 day moving average is $36.90 and its two-hundred day moving average is $39.36.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio is presently 86.76%.

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.