Pembina Pipeline (NYSE:PBA) Sees Large Volume Increase – What’s Next?

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) shares saw unusually-high trading volume on Friday . Approximately 4,366,074 shares were traded during trading, an increase of 223% from the previous session’s volume of 1,349,768 shares.The stock last traded at $41.82 and had previously closed at $39.70.

Analysts Set New Price Targets

PBA has been the subject of several recent analyst reports. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. National Bank Financial raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pembina Pipeline in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy”.

Pembina Pipeline Price Performance

The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The company’s 50 day moving average price is $38.17 and its 200 day moving average price is $37.89. The firm has a market capitalization of $24.51 billion, a P/E ratio of 19.80 and a beta of 0.76.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 6.7%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, September 15th. Pembina Pipeline’s payout ratio is currently 97.18%.

Institutional Trading of Pembina Pipeline

Several hedge funds have recently modified their holdings of the stock. First Horizon Advisors Inc. boosted its stake in Pembina Pipeline by 69.9% in the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 277 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in Pembina Pipeline by 2.0% in the second quarter. Mediolanum International Funds Ltd now owns 14,760 shares of the pipeline company’s stock valued at $551,000 after acquiring an additional 293 shares during the last quarter. MAI Capital Management boosted its stake in Pembina Pipeline by 2.9% in the second quarter. MAI Capital Management now owns 10,664 shares of the pipeline company’s stock valued at $400,000 after acquiring an additional 302 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Pembina Pipeline by 8.9% in the second quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock valued at $142,000 after acquiring an additional 307 shares during the last quarter. Finally, Midwest Professional Planners LTD. boosted its stake in Pembina Pipeline by 1.9% in the second quarter. Midwest Professional Planners LTD. now owns 16,890 shares of the pipeline company’s stock valued at $634,000 after acquiring an additional 312 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

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.