Pembina Pipeline Corp. (NYSE:PBA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $64.00.

Several equities analysts have commented on PBA shares. Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. TD Securities restated a “buy” rating on shares of Pembina Pipeline in a research report on Thursday, July 16th. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC bought a new stake in Pembina Pipeline during the 1st quarter worth about $25,000. Tobam bought a new position in shares of Pembina Pipeline in the 4th quarter valued at about $28,000. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Pembina Pipeline during the 2nd quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $31,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 1.1%

PBA stock opened at $47.81 on Friday. The firm has a market cap of $27.81 billion, a PE ratio of 23.44 and a beta of 0.58. Pembina Pipeline has a 1 year low of $36.20 and a 1 year high of $51.58. The company has a fifty day simple moving average of $49.00 and a 200 day simple moving average of $46.94. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78.

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

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.735 per share. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.1%. Pembina Pipeline’s dividend payout ratio (DPR) is 103.92%.

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.