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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $56.50.

A number of equities analysts have issued reports on PBA shares. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. UBS Group started coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating on the stock. Finally, Raymond James assumed coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company.

Hedge Funds Weigh In On Pembina Pipeline

A number of hedge funds have recently bought and sold shares of PBA. Toronto Dominion Bank raised its stake in Pembina Pipeline by 97.2% in the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock valued at $331,439,000 after purchasing an additional 4,405,792 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Pembina Pipeline by 56.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock worth $311,142,000 after purchasing an additional 3,043,200 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Pembina Pipeline by 71.6% in the third quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company’s stock valued at $130,501,000 after buying an additional 1,319,709 shares in the last quarter. Intact Investment Management Inc. grew its stake in shares of Pembina Pipeline by 83.2% during the third quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company’s stock worth $81,498,000 after buying an additional 897,940 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after buying an additional 624,958 shares in the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Down 0.9 %

Shares of NYSE PBA opened at $36.57 on Friday. The company’s fifty day moving average is $40.49 and its 200-day moving average is $39.64. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The stock has a market cap of $21.23 billion, a price-to-earnings ratio of 15.11 and a beta of 1.24. Pembina Pipeline has a twelve month low of $32.81 and a twelve month high of $43.44.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.30%.

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.