Pembina Pipeline Co. (NYSE:PBA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) have earned a consensus rating of “Moderate Buy” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $52.63.

A number of equities analysts have issued reports on PBA shares. Raymond James increased their target price on Pembina Pipeline from C$49.50 to C$50.00 in a report on Friday, May 6th. National Bank Financial lifted their price target on shares of Pembina Pipeline from C$45.00 to C$48.00 in a report on Monday, May 9th. BMO Capital Markets boosted their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 in a report on Friday, May 6th. Canaccord Genuity Group boosted their target price on shares of Pembina Pipeline from C$54.00 to C$56.00 and gave the company a “buy” rating in a report on Thursday, May 19th. Finally, StockNews.com began coverage on shares of Pembina Pipeline in a report on Thursday, March 31st. They set a “hold” rating on the stock.

Several hedge funds have recently added to or reduced their stakes in PBA. Raymond James Financial Services Advisors Inc. boosted its position in shares of Pembina Pipeline by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after acquiring an additional 438 shares during the period. Ingalls & Snyder LLC lifted its holdings in shares of Pembina Pipeline by 1.2% during the 1st quarter. Ingalls & Snyder LLC now owns 40,668 shares of the pipeline company’s stock valued at $1,529,000 after purchasing an additional 500 shares in the last quarter. Huntington National Bank raised its position in Pembina Pipeline by 16.6% in the 4th quarter. Huntington National Bank now owns 4,211 shares of the pipeline company’s stock valued at $127,000 after buying an additional 601 shares during the last quarter. Smith Moore & CO. raised its position in Pembina Pipeline by 5.1% in the 4th quarter. Smith Moore & CO. now owns 12,842 shares of the pipeline company’s stock valued at $389,000 after buying an additional 625 shares during the last quarter. Finally, Cresset Asset Management LLC raised its position in Pembina Pipeline by 8.6% in the 1st quarter. Cresset Asset Management LLC now owns 8,210 shares of the pipeline company’s stock valued at $309,000 after buying an additional 648 shares during the last quarter. Institutional investors own 55.44% of the company’s stock.

Shares of PBA stock opened at $34.73 on Thursday. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 19.08, a P/E/G ratio of 5.01 and a beta of 1.24. Pembina Pipeline has a 1-year low of $28.89 and a 1-year high of $42.74. The company has a current ratio of 0.55, a quick ratio of 0.46 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $38.92 and its 200-day simple moving average is $35.32.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last posted its quarterly earnings data on Thursday, May 5th. The pipeline company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. Pembina Pipeline had a return on equity of 11.71% and a net margin of 14.46%. The business had revenue of $2.40 billion during the quarter. On average, sell-side analysts predict that Pembina Pipeline will post 2.31 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, June 24th will be issued a $0.166 dividend. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.16. The ex-dividend date is Thursday, June 23rd. This represents a $1.99 dividend on an annualized basis and a yield of 5.74%. Pembina Pipeline’s payout ratio is presently 107.69%.

About Pembina Pipeline (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

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