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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) saw an uptick in trading volume on Monday . Approximately 1,861,426 shares were traded during mid-day trading, an increase of 48% from the previous session’s volume of 1,259,652 shares.The stock last traded at $47.7970 and had previously closed at $47.81.

Analyst Ratings Changes

Several research analysts have commented on PBA shares. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Pembina Pipeline in a report on Friday, July 3rd. Weiss Ratings upgraded Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 3rd. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Barclays restated an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Pembina Pipeline Stock Performance

The business has a 50-day moving average of $49.00 and a two-hundred day moving average of $46.96. The company has a market cap of $27.70 billion, a P/E ratio of 23.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, July 30th. The pipeline company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. On average, sell-side analysts predict that Pembina Pipeline Corp. will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a $0.735 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.2%. Pembina Pipeline’s payout ratio is presently 104.41%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PBA. Empowered Funds LLC increased its position in Pembina Pipeline by 1.0% during the fourth quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock worth $931,000 after purchasing an additional 248 shares during the last quarter. Kraematon Investment Advisors Inc. boosted its holdings in Pembina Pipeline by 0.4% in the 2nd quarter. Kraematon Investment Advisors Inc. now owns 59,286 shares of the pipeline company’s stock valued at $2,742,000 after purchasing an additional 251 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 259 shares during the last quarter. Broderick Brian C grew its stake in shares of Pembina Pipeline by 0.9% in the 1st quarter. Broderick Brian C now owns 32,823 shares of the pipeline company’s stock valued at $1,469,000 after buying an additional 300 shares during the period. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Pembina Pipeline by 3.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 9,768 shares of the pipeline company’s stock valued at $372,000 after buying an additional 341 shares during the period. Institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, the company develops and operates infrastructure that transports and processes hydrocarbons produced primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and terminals for hydrocarbon liquids. Its infrastructure supports the movement of crude oil, condensate, natural gas, propane, butane and other natural gas liquids from producing regions to domestic and international markets.

The company also provides marketing, logistics and related midstream services and is pursuing opportunities tied to liquefied natural gas and other energy exports.