Pembina Pipeline Corp. (NYSE:PBA) Given Average Rating of “Hold” by Analysts

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has received a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $60.00.

Several equities research analysts recently issued reports on PBA shares. Weiss Ratings upgraded shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Zacks Research upgraded shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, February 27th. Finally, TD Securities downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th.

Pembina Pipeline Stock Up 0.4%

Shares of PBA opened at $44.65 on Friday. Pembina Pipeline has a 52-week low of $34.13 and a 52-week high of $45.09. The company has a market capitalization of $25.94 billion, a PE ratio of 23.50 and a beta of 0.68. The stock has a fifty day simple moving average of $41.84 and a two-hundred day simple moving average of $39.72. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The company’s revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, equities analysts forecast that Pembina Pipeline will post 2.15 EPS for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, March 16th. Pembina Pipeline’s dividend payout ratio is presently 106.84%.

Institutional Investors Weigh In On Pembina Pipeline

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tobam acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth about $31,000. Westside Investment Management Inc. increased its position in shares of Pembina Pipeline by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 404 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Pembina Pipeline in the 4th quarter valued at about $36,000. Finally, Physician Wealth Advisors Inc. lifted its position in Pembina Pipeline by 441.2% in the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after buying an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.