Pembina Pipeline Corp. (NYSE:PBA) Receives $60.00 Consensus PT from Analysts

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have received an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $60.00.

A number of equities analysts recently commented on PBA shares. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a report on Friday, February 27th. TD Securities downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Weiss Ratings raised Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd.

Pembina Pipeline Stock Performance

Shares of PBA opened at $45.05 on Friday. The company’s 50 day moving average price is $42.58 and its 200 day moving average price is $39.96. The company has a market capitalization of $26.19 billion, a PE ratio of 23.71 and a beta of 0.68. Pembina Pipeline has a 52 week low of $34.13 and a 52 week high of $45.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. Research analysts expect that Pembina Pipeline will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.71 dividend. The ex-dividend date is Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a yield of 6.3%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 109.47%.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors have recently made changes to their positions in the business. Varma Mutual Pension Insurance Co grew its position in Pembina Pipeline by 8.6% during the third quarter. Varma Mutual Pension Insurance Co now owns 309,779 shares of the pipeline company’s stock worth $12,528,000 after buying an additional 24,400 shares in the last quarter. Quantbot Technologies LP raised its holdings in Pembina Pipeline by 66.3% in the 2nd quarter. Quantbot Technologies LP now owns 76,566 shares of the pipeline company’s stock valued at $2,872,000 after acquiring an additional 30,523 shares in the last quarter. Citigroup Inc. raised its holdings in Pembina Pipeline by 96.3% in the 3rd quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company’s stock valued at $8,775,000 after acquiring an additional 106,419 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in shares of Pembina Pipeline in the 2nd quarter worth approximately $1,658,000. Finally, First Trust Advisors LP boosted its stake in Pembina Pipeline by 411.1% during the second quarter. First Trust Advisors LP now owns 1,247,976 shares of the pipeline company’s stock worth $46,820,000 after buying an additional 1,003,819 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Company Profile

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.