Pembina Pipeline (NYSE:PBA) Sets New 12-Month High at $36.20

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) reached a new 52-week high during trading on Wednesday . The stock traded as high as $36.20 and last traded at $36.18, with a volume of 63625 shares traded. The stock had previously closed at $36.03.

Analyst Upgrades and Downgrades

PBA has been the topic of several recent analyst reports. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. CIBC raised their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Finally, StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $52.00.

Pembina Pipeline Stock Up 0.7 %

The stock has a market cap of $21.02 billion, a P/E ratio of 16.38, a P/E/G ratio of 5.28 and a beta of 1.20. The company’s 50 day moving average price is $35.20 and its two-hundred day moving average price is $34.02. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, research analysts expect that Pembina Pipeline Co. will post 2.24 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.4944 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a yield of 5.45%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.69%.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in Pembina Pipeline by 456.7% in the third quarter. SG Americas Securities LLC now owns 17,960 shares of the pipeline company’s stock valued at $540,000 after buying an additional 14,734 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Pembina Pipeline by 21.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 123,823 shares of the pipeline company’s stock valued at $3,740,000 after acquiring an additional 21,652 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Pembina Pipeline by 9.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,403,263 shares of the pipeline company’s stock worth $42,182,000 after acquiring an additional 118,508 shares during the last quarter. Advisor Partners II LLC lifted its position in Pembina Pipeline by 4.2% during the 3rd quarter. Advisor Partners II LLC now owns 10,697 shares of the pipeline company’s stock worth $322,000 after acquiring an additional 431 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Pembina Pipeline by 10.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,264,880 shares of the pipeline company’s stock valued at $38,138,000 after purchasing an additional 114,545 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

About Pembina Pipeline

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.