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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has earned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $56.50.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its holdings in Pembina Pipeline by 3.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the pipeline company’s stock worth $503,000 after buying an additional 500 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Pembina Pipeline by 37.2% in the second quarter. Assenagon Asset Management S.A. now owns 21,298 shares of the pipeline company’s stock valued at $790,000 after purchasing an additional 5,778 shares during the last quarter. Catalyst Capital Advisors LLC grew its holdings in Pembina Pipeline by 3.1% during the second quarter. Catalyst Capital Advisors LLC now owns 329,879 shares of the pipeline company’s stock valued at $12,232,000 after purchasing an additional 10,042 shares during the period. Bank of New York Mellon Corp increased its position in Pembina Pipeline by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 476,042 shares of the pipeline company’s stock worth $17,652,000 after buying an additional 13,209 shares during the last quarter. Finally, Gold Investment Management Ltd. raised its stake in shares of Pembina Pipeline by 4.4% in the second quarter. Gold Investment Management Ltd. now owns 10,562 shares of the pipeline company’s stock valued at $392,000 after buying an additional 444 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 0.9 %

NYSE:PBA opened at $36.57 on Friday. Pembina Pipeline has a 52 week low of $32.81 and a 52 week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The firm’s fifty day moving average is $40.49 and its 200-day moving average is $39.64. The firm has a market cap of $21.23 billion, a P/E ratio of 15.11 and a beta of 1.24.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 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.