Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Average PT from Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $56.50.

A number of analysts have weighed in on PBA shares. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays began coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, Raymond James started coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating on the stock.

Hedge Funds Weigh In On Pembina Pipeline

Several hedge funds have recently modified their holdings of PBA. Cardinal Capital Management Inc. grew its position in Pembina Pipeline by 1.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 2,920,900 shares of the pipeline company’s stock worth $107,675,000 after purchasing an additional 37,595 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of Pembina Pipeline by 24.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 33,622 shares of the pipeline company’s stock worth $1,242,000 after buying an additional 6,514 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Pembina Pipeline by 11.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock valued at $108,000 after buying an additional 308 shares during the last quarter. Eastern Bank acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at $29,000. Finally, JCIC Asset Management Inc. raised its stake in Pembina Pipeline by 16.1% in the 4th quarter. JCIC Asset Management Inc. now owns 4,808 shares of the pipeline company’s stock worth $178,000 after acquiring an additional 668 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of PBA opened at $37.47 on Tuesday. The stock has a market capitalization of $21.75 billion, a PE ratio of 15.48 and a beta of 1.25. The company has a 50 day moving average price of $38.81 and a 200-day moving average price of $39.68. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline has a fifty-two week low of $32.81 and a fifty-two week high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is currently 80.58%.

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.