Pembina Pipeline (NYSE:PBA) Sees Strong Trading Volume – Still a Buy?

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) shares saw unusually-high trading volume on Monday . Approximately 1,861,426 shares traded hands during trading, an increase of 48% from the previous session’s volume of 1,259,652 shares.The stock last traded at $47.7970 and had previously closed at $47.81.

Wall Street Analysts Forecast Growth

PBA has been the topic of several research reports. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. Weiss Ratings raised Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, September 3rd. Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Finally, Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

Pembina Pipeline Trading Down 0.7%

The company has a fifty day moving average of $49.01 and a two-hundred day moving average of $47.01. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $27.49 billion, a price-to-earnings ratio of 23.17 and a beta of 0.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. On average, research analysts expect that Pembina Pipeline Corp. will post 2.23 EPS for the current year.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, September 15th. Pembina Pipeline’s payout ratio is 103.92%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PBA. Western Wealth Management LLC purchased a new position in Pembina Pipeline during the 1st quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in Pembina Pipeline during the second quarter worth about $31,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Pembina Pipeline in the second quarter valued at about $31,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Pembina Pipeline in the second quarter valued at about $33,000. Finally, Tobam acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at approximately $28,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, the company develops and operates infrastructure that transports and processes hydrocarbons produced primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and terminals for hydrocarbon liquids. Its infrastructure supports the movement of crude oil, condensate, natural gas, propane, butane and other natural gas liquids from producing regions to domestic and international markets.

The company also provides marketing, logistics and related midstream services and is pursuing opportunities tied to liquefied natural gas and other energy exports.