Pembina Pipeline Co. (NYSE:PBA) Given Consensus Rating of “Hold” by Analysts

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been assigned an average recommendation of “Hold” from the four ratings firms that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $56.50.

Several research analysts have recently weighed in on PBA shares. Raymond James started coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating for the company. UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating on the stock. Finally, Citigroup boosted their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th.

Institutional Trading of Pembina Pipeline

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC increased its stake in Pembina Pipeline by 10.2% during the third quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company’s stock worth $113,531,000 after acquiring an additional 251,982 shares during the last quarter. Barclays PLC increased its stake in Pembina Pipeline by 86.5% in the 3rd quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock worth $2,226,000 after buying an additional 25,031 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Pembina Pipeline during the third quarter worth approximately $2,094,000. MML Investors Services LLC bought a new stake in Pembina Pipeline during the 3rd quarter valued at $228,000. Finally, Dunhill Financial LLC bought a new stake in shares of Pembina Pipeline in the third quarter valued at about $28,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

PBA opened at $42.93 on Monday. The stock has a 50-day moving average price of $41.92 and a 200-day moving average price of $39.35. The firm has a market cap of $24.92 billion, a PE ratio of 17.74 and a beta of 1.25. Pembina Pipeline has a 1 year low of $32.39 and a 1 year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.43%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.30%.

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.