Pembina Pipeline Co. (NYSE:PBA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $56.50.

PBA has been the topic of a number of analyst reports. TD Securities started coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Barclays started coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating for the company. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Hedge Funds Weigh In On Pembina Pipeline

Several large investors have recently modified their holdings of PBA. Kingsview Wealth Management LLC lifted its holdings in 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 purchasing an additional 273 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock worth $108,000 after buying an additional 308 shares in the last quarter. Headlands Technologies LLC boosted its position in shares of Pembina Pipeline by 23.2% in the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company’s stock valued at $65,000 after acquiring an additional 333 shares during the period. PNC Financial Services Group Inc. grew its stake in Pembina Pipeline by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company’s stock valued at $846,000 after acquiring an additional 348 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Pembina Pipeline by 4.5% in the 4th quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company’s stock worth $365,000 after purchasing an additional 430 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $37.17 on Friday. Pembina Pipeline has a 52 week low of $33.83 and a 52 week high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average price of $37.84 and a 200-day moving average price of $39.25. The company has a market cap of $21.58 billion, a PE ratio of 15.36 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline’s dividend payout ratio is currently 86.76%.

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.