Pembina Pipeline Corp. (NYSE:PBA) Receives Consensus Recommendation of “Hold” from Analysts

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong 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 $60.00.

PBA has been the topic of a number of research reports. Weiss Ratings upgraded shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a report on Wednesday, April 8th. JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday. Finally, TD Securities restated a “hold” rating on shares of Pembina Pipeline in a report on Wednesday, April 8th.

Hedge Funds Weigh In On Pembina Pipeline

A number of large investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its stake in shares of Pembina Pipeline by 1.0% during the 4th quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock worth $931,000 after purchasing an additional 248 shares during the period. Larson Financial Group LLC boosted its stake in shares of Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 259 shares during the period. Ethic Inc. boosted its stake in shares of Pembina Pipeline by 2.0% during the 4th quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock worth $539,000 after purchasing an additional 278 shares during the period. PFG Investments LLC boosted its stake in shares of Pembina Pipeline by 2.5% during the 3rd quarter. PFG Investments LLC now owns 13,000 shares of the pipeline company’s stock worth $526,000 after purchasing an additional 313 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in shares of Pembina Pipeline by 0.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 56,339 shares of the pipeline company’s stock worth $2,278,000 after purchasing an additional 335 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $46.47 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The company has a market cap of $27.02 billion, a P/E ratio of 24.46 and a beta of 0.58. The firm’s fifty day moving average is $44.30 and its two-hundred day moving average is $40.91. Pembina Pipeline has a 52-week low of $35.45 and a 52-week high of $46.70.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.41 billion. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. Pembina Pipeline’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts anticipate that Pembina Pipeline will post 2.18 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.1%. Pembina Pipeline’s payout ratio is currently 109.47%.

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.