Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been given a consensus rating of “Buy” by the ten brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $45.00.

PBA has been the subject of a number of analyst reports. BidaskClub raised Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. National Bank Financial raised Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. Zacks Investment Research raised Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, July 21st. Finally, AltaCorp Capital raised Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Pembina Pipeline Corp. by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,479,317 shares of the pipeline company’s stock worth $300,589,000 after buying an additional 474,863 shares in the last quarter. Capstone Asset Management Co. boosted its position in Pembina Pipeline Corp. by 3.5% in the second quarter. Capstone Asset Management Co. now owns 282,216 shares of the pipeline company’s stock worth $9,347,000 after buying an additional 9,581 shares in the last quarter. Creative Planning boosted its position in Pembina Pipeline Corp. by 5.2% in the second quarter. Creative Planning now owns 50,515 shares of the pipeline company’s stock worth $1,673,000 after buying an additional 2,495 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Pembina Pipeline Corp. by 29.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,522 shares of the pipeline company’s stock worth $1,060,000 after buying an additional 7,665 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Pembina Pipeline Corp. by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,905 shares of the pipeline company’s stock worth $3,380,000 after buying an additional 23,692 shares in the last quarter. 46.73% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Corp. (PBA) traded up 0.66% during mid-day trading on Friday, hitting $32.02. 530,492 shares of the company were exchanged. Pembina Pipeline Corp. has a 12-month low of $27.44 and a 12-month high of $34.97. The stock’s 50 day moving average is $33.51 and its 200-day moving average is $32.45. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 31.39 and a beta of 0.71.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.36 billion. Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.59%. The firm’s revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.25 earnings per share. Equities research analysts predict that Pembina Pipeline Corp. will post $1.36 EPS for the current year.

The firm also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a dividend yield of 4.85%. Pembina Pipeline Corp.’s dividend payout ratio is 161.86%.

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About Pembina Pipeline Corp.

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

Analyst Recommendations for Pembina Pipeline Corp. (NYSE:PBA)

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