Pembina Pipeline Corp. (NYSE:PBA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $64.00.

Several analysts have recently weighed in on PBA shares. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. TD Securities restated a “buy” rating on shares of Pembina Pipeline in a research note on Thursday, July 16th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Royal Bank Of Canada boosted their price objective on Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. Finally, Scotiabank downgraded Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $48.72 on Wednesday. Pembina Pipeline has a 12 month low of $35.49 and a 12 month high of $51.58. The firm has a market capitalization of $28.33 billion, a P/E ratio of 23.88 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. The company’s fifty day moving average price is $48.38 and its 200 day moving average price is $45.96.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, sell-side analysts predict that Pembina Pipeline will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Pembina Pipeline’s payout ratio is presently 104.41%.

Institutional Trading of Pembina Pipeline

A number of large investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. increased its stake in Pembina Pipeline by 2.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,703,413 shares of the pipeline company’s stock valued at $64,798,000 after buying an additional 40,944 shares during the period. Vanguard Group Inc. lifted its stake in shares of Pembina Pipeline by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 27,233,442 shares of the pipeline company’s stock worth $1,037,512,000 after acquiring an additional 541,615 shares during the period. K.J. Harrison & Partners Inc boosted its holdings in shares of Pembina Pipeline by 27.3% in the fourth quarter. K.J. Harrison & Partners Inc now owns 207,560 shares of the pipeline company’s stock valued at $7,919,000 after acquiring an additional 44,500 shares in the last quarter. Nicola Wealth Management LTD. boosted its holdings in shares of Pembina Pipeline by 28.0% in the fourth quarter. Nicola Wealth Management LTD. now owns 987,800 shares of the pipeline company’s stock valued at $37,638,000 after acquiring an additional 216,300 shares in the last quarter. Finally, Intact Investment Management Inc. increased its stake in shares of Pembina Pipeline by 4.9% during the fourth quarter. Intact Investment Management Inc. now owns 2,170,014 shares of the pipeline company’s stock worth $82,668,000 after acquiring an additional 101,390 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.