Pembina Pipeline Co. (NYSE:PBA) Receives Average Rating of “Hold” from Brokerages

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been given a consensus rating of “Hold” by the two analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.50.

PBA has been the topic of several research reports. Citigroup upped their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Scotiabank cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Finally, UBS Group initiated coverage on Pembina Pipeline in a report on Wednesday. They set a “neutral” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mediolanum International Funds Ltd bought a new position in Pembina Pipeline during the first quarter worth about $1,745,000. Quantbot Technologies LP increased its holdings in Pembina Pipeline by 10,862.7% in the first quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock valued at $1,143,000 after purchasing an additional 32,045 shares during the period. Guardian Capital Advisors LP raised its position in shares of Pembina Pipeline by 12.8% during the fourth quarter. Guardian Capital Advisors LP now owns 235,105 shares of the pipeline company’s stock worth $8,179,000 after acquiring an additional 26,766 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Pembina Pipeline by 2.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock worth $45,360,000 after purchasing an additional 29,743 shares during the last quarter. Finally, UBS Group AG raised its stake in Pembina Pipeline by 24.2% during the fourth quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock worth $13,025,000 after buying an additional 73,776 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 0.9 %

Shares of PBA opened at $40.60 on Wednesday. The company has a 50-day moving average price of $38.67 and a two-hundred day moving average price of $36.87. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77. The stock has a market cap of $23.56 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 5.70 and a beta of 1.25. Pembina Pipeline has a 12 month low of $28.15 and a 12 month high of $41.21.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. Equities analysts predict that Pembina Pipeline will post 2.37 EPS for the current fiscal year.

Pembina Pipeline Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Monday, September 16th. Pembina Pipeline’s dividend payout ratio is currently 87.83%.

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.