Pembina Pipeline Co. (NYSE:PBA) Given Average Recommendation of “Hold” by Brokerages

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $56.50.

Several equities research analysts have issued reports on PBA shares. Raymond James began coverage on Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating for the company. Barclays assumed coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating on the stock. Citigroup increased their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline in the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline in the third quarter valued at $26,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $26,000. Dunhill Financial LLC acquired a new position in shares of Pembina Pipeline during the third quarter worth about $28,000. Finally, Blue Trust Inc. increased its stake in shares of Pembina Pipeline by 223.8% during the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after buying an additional 508 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $36.07 on Friday. The stock has a market cap of $20.94 billion, a price-to-earnings ratio of 14.90 and a beta of 1.24. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $41.10 and a 200-day simple moving average of $39.65. Pembina Pipeline has a 1-year low of $32.81 and a 1-year high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 7.65%. 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.