Pembina Pipeline (NYSE:PBA) Shares Up 0.9%

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL)’s stock price traded up 0.9% during mid-day trading on Friday . The company traded as high as $36.68 and last traded at $36.58. 232,886 shares changed hands during trading, a decline of 78% from the average session volume of 1,055,910 shares. The stock had previously closed at $36.27.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. CIBC boosted their price target 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. StockNews.com lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. Finally, Scotiabank downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Pembina Pipeline currently has an average rating of “Hold” and a consensus price target of $52.00.

Pembina Pipeline Stock Up 0.6 %

The firm has a market cap of $21.15 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 5.37 and a beta of 1.20. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average price of $35.60 and a 200-day moving average price of $34.47.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. On average, equities analysts forecast that Pembina Pipeline Co. will post 2.27 EPS for the current year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a dividend of $0.501 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend is Monday, June 17th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio (DPR) is currently 85.65%.

Institutional Trading of Pembina Pipeline

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Massmutual Trust Co. FSB ADV lifted its position in Pembina Pipeline by 22.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 329 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Pembina Pipeline by 74.6% during the 4th 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. Janney Montgomery Scott LLC lifted its position in Pembina Pipeline by 6.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,475 shares of the pipeline company’s stock worth $335,000 after acquiring an additional 538 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Pembina Pipeline by 3.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 15,872 shares of the pipeline company’s stock worth $549,000 after acquiring an additional 547 shares in the last quarter. Finally, Gulf International Bank UK Ltd lifted its position in Pembina Pipeline by 15.9% during the 4th quarter. Gulf International Bank UK Ltd now owns 3,999 shares of the pipeline company’s stock worth $137,000 after acquiring an additional 550 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

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.