Pembina Pipeline (PBA) Cut to “Neutral” at Macquarie
Macquarie lowered shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from an outperform rating to a neutral rating in a report published on Wednesday, The Fly reports.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Pembina Pipeline from a hold rating to a sell rating in a research report on Wednesday. BidaskClub cut Pembina Pipeline from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $41.50.
Shares of Pembina Pipeline (PBA) opened at $35.13 on Wednesday. The firm has a market capitalization of $17,515.96, a PE ratio of 35.21 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. Pembina Pipeline has a 12-month low of $29.36 and a 12-month high of $36.29.
The firm also recently announced a nov 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Saturday, November 25th will be given a dividend of $0.18 per share. This represents a dividend yield of 4.73%. The ex-dividend date is Wednesday, November 22nd. Pembina Pipeline’s dividend payout ratio (DPR) is presently 171.72%.
Large investors have recently bought and sold shares of the company. Pinebridge Investments L.P. acquired a new stake in shares of Pembina Pipeline during the 2nd quarter valued at about $146,000. Linscomb & Williams Inc. acquired a new stake in shares of Pembina Pipeline during the 2nd quarter valued at about $116,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Pembina Pipeline during the 2nd quarter valued at about $132,000. Benchmark Capital Advisors acquired a new stake in shares of Pembina Pipeline during the 3rd quarter valued at about $204,000. Finally, Cidel Asset Management Inc. acquired a new stake in shares of Pembina Pipeline during the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 42.46% of the company’s stock.
About Pembina Pipeline
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.
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