Pembina Pipeline Co. (NYSE:PBA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $56.50.

A number of research firms have commented on PBA. TD Securities started coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Barclays began coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. Finally, Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Pembina Pipeline Stock Performance

Shares of PBA opened at $37.17 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average price of $37.84 and a 200-day moving average price of $39.25. The company has a market cap of $21.58 billion, a PE ratio of 15.36 and a beta of 1.26. Pembina Pipeline has a 12-month low of $33.83 and a 12-month high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.4783 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.15%. Pembina Pipeline’s dividend payout ratio is currently 86.76%.

Institutional Trading of Pembina Pipeline

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its holdings in Pembina Pipeline by 8.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,507,356 shares of the pipeline company’s stock valued at $62,201,000 after buying an additional 121,005 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Pembina Pipeline by 60.1% during the third quarter. Cerity Partners LLC now owns 32,186 shares of the pipeline company’s stock valued at $1,327,000 after acquiring an additional 12,081 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in shares of Pembina Pipeline by 4.1% during the third 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. Larson Financial Group LLC grew its stake in shares of Pembina Pipeline by 67.6% in the third quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 541 shares during the last quarter. Finally, FMR LLC increased its holdings in Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock valued at $22,573,000 after purchasing an additional 510,873 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.