Pembina Pipeline Corp. (NYSE:PBA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) have earned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company.

Several equities analysts have recently commented on PBA shares. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. BMO Capital Markets reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 1st.

Institutional Trading of Pembina Pipeline

Large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers boosted its position in shares of Pembina Pipeline by 6.2% during the 1st quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company’s stock valued at $1,933,000 after acquiring an additional 2,834 shares during the last quarter. LPL Financial LLC raised its stake in Pembina Pipeline by 4.4% during the first quarter. LPL Financial LLC now owns 85,312 shares of the pipeline company’s stock valued at $3,415,000 after purchasing an additional 3,558 shares in the last quarter. Natixis Advisors LLC lifted its position in Pembina Pipeline by 13.6% during the first quarter. Natixis Advisors LLC now owns 39,041 shares of the pipeline company’s stock valued at $1,563,000 after purchasing an additional 4,676 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Pembina Pipeline by 9.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 24,989 shares of the pipeline company’s stock worth $1,000,000 after buying an additional 2,086 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Pembina Pipeline by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company’s stock worth $1,011,833,000 after buying an additional 409,379 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $39.57 on Friday. The stock has a 50-day moving average price of $38.65 and a 200 day moving average price of $37.97. The stock has a market capitalization of $22.99 billion, a P/E ratio of 19.78 and a beta of 0.63. Pembina Pipeline has a 12-month low of $34.13 and a 12-month high of $42.40. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The business had revenue of $911.47 million during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Equities research analysts forecast that Pembina Pipeline will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $2.84 dividend on an annualized basis and a yield of 7.2%. Pembina Pipeline’s dividend payout ratio is presently 103.50%.

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.