Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Consensus Price Target from Brokerages

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned a consensus rating of “Hold” from the four analysts that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $56.50.

PBA has been the topic of several research reports. Citigroup raised their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating on the stock. Finally, UBS Group assumed coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating for the company.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $41.44 on Monday. Pembina Pipeline has a twelve month low of $32.39 and a twelve month high of $43.44. The firm has a market capitalization of $24.06 billion, a P/E ratio of 17.12 and a beta of 1.25. 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 stock’s 50-day simple moving average is $42.00 and its two-hundred day simple moving average is $39.47.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.69 dividend. This is an increase 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 dividend on an annualized basis and a yield of 6.66%. Pembina Pipeline’s payout ratio is presently 84.30%.

Institutional Trading of Pembina Pipeline

A number of hedge funds have recently bought and sold shares of PBA. Kingsview Wealth Management LLC increased its stake in Pembina Pipeline by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after purchasing an additional 273 shares during the period. CENTRAL TRUST Co increased its stake in Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 325 shares during the period. Granite Group Advisors LLC increased its stake in Pembina Pipeline by 5.2% in the 1st quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock worth $237,000 after purchasing an additional 330 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 334 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 387 shares during the period. Institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

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.