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

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

PBA has been the topic of several recent research reports. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. TD Securities started coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Barclays began coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company.

Pembina Pipeline Stock Down 0.3 %

PBA stock opened at $38.37 on Wednesday. Pembina Pipeline has a twelve month low of $33.83 and a twelve month high of $43.44. 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 company has a market cap of $22.28 billion, a PE ratio of 15.86 and a beta of 1.25. The business’s 50-day simple moving average is $36.77 and its 200 day simple moving average is $39.40.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.99%. Pembina Pipeline’s dividend payout ratio is presently 86.30%.

Institutional Investors Weigh In On Pembina Pipeline

A number of hedge funds have recently made changes to their positions in the company. Prospera Private Wealth LLC bought a new stake in Pembina Pipeline during the third quarter worth about $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter worth approximately $26,000. Versant Capital Management Inc acquired a new position in Pembina Pipeline in the fourth quarter worth $27,000. Sound Income Strategies LLC acquired a new position in Pembina Pipeline during the 4th quarter worth about $27,000. Finally, Dunhill Financial LLC bought a new stake in Pembina Pipeline during the 3rd quarter worth about $28,000. Institutional investors and hedge funds 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.