Pembina Pipeline Corp. (NYSE:PBA) Receives $60.00 Average Target Price from Brokerages

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) has been assigned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $60.00.

A number of research firms recently issued reports on PBA. Zacks Research downgraded Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, December 24th. Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. BMO Capital Markets reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, December 16th. Finally, TD Securities decreased their price target on shares of Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, December 16th.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $40.60 on Friday. Pembina Pipeline has a 12 month low of $34.13 and a 12 month high of $42.40. The firm has a market capitalization of $23.59 billion, a P/E ratio of 20.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.53 and a quick ratio of 0.41. The company’s fifty day moving average price is $38.32 and its 200 day moving average price is $38.18.

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

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, December 15th. This represents a $2.84 annualized dividend and a dividend yield of 7.0%. Pembina Pipeline’s dividend payout ratio is 101.50%.

Institutional Trading of Pembina Pipeline

Several institutional investors and hedge funds have recently added to or reduced their stakes in PBA. PFG Investments LLC lifted its position in Pembina Pipeline by 23.9% during the 4th quarter. PFG Investments LLC now owns 16,107 shares of the pipeline company’s stock worth $613,000 after acquiring an additional 3,107 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Pembina Pipeline by 64.1% during the fourth quarter. Farther Finance Advisors LLC now owns 5,357 shares of the pipeline company’s stock worth $204,000 after purchasing an additional 2,092 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in shares of Pembina Pipeline by 27.0% during the fourth quarter. Tectonic Advisors LLC now owns 45,805 shares of the pipeline company’s stock worth $1,743,000 after purchasing an additional 9,741 shares during the period. Cardinal Capital Management Inc. grew its position in Pembina Pipeline by 10.0% in the 4th quarter. Cardinal Capital Management Inc. now owns 3,274,336 shares of the pipeline company’s stock valued at $124,621,000 after buying an additional 298,412 shares during the last quarter. Finally, JCIC Asset Management Inc. grew its position in Pembina Pipeline by 8.4% in the 4th quarter. JCIC Asset Management Inc. now owns 6,207 shares of the pipeline company’s stock valued at $236,000 after buying an additional 480 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.