Pembina Pipeline Co. (NYSE:PBA) Receives $56.50 Consensus Price Target from Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been given an average rating of “Hold” by the four ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $56.50.

PBA has been the subject of a number of recent research reports. Raymond James initiated coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. UBS Group began coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating on the stock. Finally, Citigroup upped their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $41.37 on Monday. The stock has a fifty day moving average of $42.00 and a 200-day moving average of $39.50. The stock has a market capitalization of $24.02 billion, a P/E ratio of 17.10 and a beta of 1.25. Pembina Pipeline has a 52 week low of $32.39 and a 52 week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a yield of 6.67%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is presently 84.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PBA. Kingsview Wealth Management LLC grew its stake in shares of Pembina Pipeline by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after acquiring an additional 273 shares during the period. CENTRAL TRUST Co raised its holdings in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 325 shares in the last quarter. Granite Group Advisors LLC raised its holdings in shares of Pembina Pipeline by 5.2% during the 1st quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock valued at $237,000 after buying an additional 330 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Pembina Pipeline by 1.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock valued at $770,000 after buying an additional 334 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its stake in Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 387 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.