Pembina Pipeline Co. (NYSE:PBA) Given Consensus Recommendation of “Hold” by Brokerages

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has earned an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $56.50.

Several analysts recently commented on PBA shares. Barclays began coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. UBS Group started coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating for the company. Citigroup increased their price target on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Finally, Raymond James assumed coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating for the company.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $36.07 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The firm’s 50 day simple moving average is $41.10 and its 200-day simple moving average is $39.65. Pembina Pipeline has a 12 month low of $32.81 and a 12 month high of $43.44. The stock has a market capitalization of $20.94 billion, a price-to-earnings ratio of 14.90 and a beta of 1.24.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.69 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a yield of 7.65%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 84.30%.

Institutional Investors Weigh In On Pembina Pipeline

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in Pembina Pipeline by 14.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company’s stock valued at $44,518,000 after acquiring an additional 127,027 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Pembina Pipeline by 10.2% in the third quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company’s stock valued at $113,531,000 after purchasing an additional 251,982 shares in the last quarter. Barclays PLC increased its holdings in shares of Pembina Pipeline by 86.5% in the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock valued at $2,226,000 after purchasing an additional 25,031 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Pembina Pipeline during the third quarter worth approximately $2,094,000. Finally, MML Investors Services LLC acquired a new position in Pembina Pipeline during the third quarter worth $228,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

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.