Pembina Pipeline (NYSE:PBA) Reaches New 52-Week High at $37.81

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as $37.81 and last traded at $37.79, with a volume of 54964 shares. The stock had previously closed at $37.45.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. CIBC lifted their target price 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, Scotiabank cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Pembina Pipeline Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03. The firm’s 50 day moving average price is $36.52 and its two-hundred day moving average price is $35.23. The company has a market cap of $21.91 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 5.33 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. Equities research analysts anticipate that Pembina Pipeline Co. will post 2.32 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a $0.501 dividend. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.00 annualized dividend and a yield of 5.30%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is presently 86.96%.

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds and other institutional investors have recently modified their holdings of PBA. ICA Group Wealth Management LLC acquired a new stake in Pembina Pipeline in the 4th quarter valued at $25,000. Baystate Wealth Management LLC acquired a new position in shares of Pembina Pipeline during the fourth quarter valued at about $34,000. EverSource Wealth Advisors LLC increased its position in shares of Pembina Pipeline by 74.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 462 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in shares of Pembina Pipeline in the 1st quarter worth about $37,000. Finally, First Horizon Advisors Inc. lifted its position in Pembina Pipeline by 303.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 1,142 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

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.