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.

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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.

The Fly

Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

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