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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has received a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $56.50.

A number of research analysts have weighed in on the company. Raymond James assumed coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Barclays started coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $36.31 on Tuesday. 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 business has a 50-day moving average of $39.15 and a 200-day moving average of $39.69. The stock has a market capitalization of $21.08 billion, a price-to-earnings ratio of 15.00 and a beta of 1.25. Pembina Pipeline has a fifty-two week low of $32.81 and a fifty-two week high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio is 80.58%.

Hedge Funds Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline in the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Pembina Pipeline during the third quarter worth approximately $26,000. Versant Capital Management Inc bought a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $27,000. Finally, Dunhill Financial LLC acquired a new position in shares of Pembina Pipeline in the third quarter valued at approximately $28,000. 55.37% of the stock is owned by institutional investors.

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.