Pembina Pipeline (NYSE:PBA) Reaches New 52-Week High at $38.53

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $38.53 and last traded at $38.44, with a volume of 255236 shares changing hands. The stock had previously closed at $38.26.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PBA shares. StockNews.com cut Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. CIBC lifted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. Finally, Scotiabank cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline has an average rating of “Hold” and a consensus target price of $52.00.

Pembina Pipeline Trading Down 0.0 %

The firm has a market cap of $22.18 billion, a P/E ratio of 16.63, a PEG ratio of 5.41 and a beta of 1.25. The company has a 50 day moving average of $37.08 and a 200 day moving average of $35.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. Analysts predict that Pembina Pipeline Co. will post 2.36 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. Investors of record on Monday, June 17th were paid a $0.501 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, June 17th. This represents a $2.00 annualized dividend and a dividend yield of 5.24%. Pembina Pipeline’s payout ratio is presently 87.83%.

Institutional Investors Weigh In On Pembina Pipeline

Large investors have recently made changes to their positions in the company. ICA Group Wealth Management LLC acquired a new stake in Pembina Pipeline in the 4th quarter worth approximately $25,000. Baystate Wealth Management LLC acquired a new stake in Pembina Pipeline in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC lifted its holdings in Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 462 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in Pembina Pipeline in the 1st quarter worth approximately $37,000. Finally, First Horizon Advisors Inc. lifted its holdings 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 worth $52,000 after purchasing an additional 1,142 shares during 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.