Pembina Pipeline Co. (NYSE:PBA) Receives $44.75 Consensus Target Price from Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have earned an average recommendation of “Hold” from the three brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $44.75.

Several research firms recently issued reports on PBA. StockNews.com downgraded Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Scotiabank downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Finally, CIBC upped their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a report on Friday, April 19th.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently modified their holdings of PBA. Vanguard Group Inc. lifted its holdings in Pembina Pipeline by 2.1% during the first quarter. Vanguard Group Inc. now owns 22,053,531 shares of the pipeline company’s stock valued at $779,372,000 after purchasing an additional 460,761 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Pembina Pipeline by 1.2% in the fourth quarter. Bank of Nova Scotia now owns 14,837,544 shares of the pipeline company’s stock worth $510,857,000 after acquiring an additional 171,960 shares during the last quarter. Deutsche Bank AG increased its position in shares of Pembina Pipeline by 1.0% during the third quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company’s stock worth $402,538,000 after purchasing an additional 131,487 shares in the last quarter. Mackenzie Financial Corp raised its stake in Pembina Pipeline by 5.7% in the 4th quarter. Mackenzie Financial Corp now owns 12,652,115 shares of the pipeline company’s stock valued at $435,812,000 after purchasing an additional 680,945 shares during the last quarter. Finally, ClearBridge Investments Ltd boosted its stake in Pembina Pipeline by 12.3% during the 1st quarter. ClearBridge Investments Ltd now owns 7,173,059 shares of the pipeline company’s stock worth $253,496,000 after purchasing an additional 784,814 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

NYSE PBA opened at $37.49 on Wednesday. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $37.90. The firm’s fifty day simple moving average is $36.64 and its two-hundred day simple moving average is $35.29. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $21.74 billion, a P/E ratio of 16.29, a P/E/G ratio of 5.39 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion. Analysts forecast that Pembina Pipeline will post 2.33 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a $0.501 dividend. The ex-dividend date was Monday, June 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.35%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is 86.96%.

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.