Pembina Pipeline Co. (NYSE:PBA) Receives Average Rating of “Hold” from Analysts

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $56.50.

A number of research analysts recently issued reports on the company. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors have recently bought and sold shares of the company. Truist Financial Corp increased its stake in shares of Pembina Pipeline by 23.5% during the second quarter. Truist Financial Corp now owns 22,779 shares of the pipeline company’s stock worth $845,000 after acquiring an additional 4,331 shares during the period. Cetera Investment Advisers boosted its holdings in Pembina Pipeline by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 49,076 shares of the pipeline company’s stock valued at $1,820,000 after purchasing an additional 839 shares in the last quarter. CWM LLC raised its stake in shares of Pembina Pipeline by 38.7% during the 3rd quarter. CWM LLC now owns 7,874 shares of the pipeline company’s stock worth $325,000 after buying an additional 2,198 shares in the last quarter. Creative Planning lifted its holdings in shares of Pembina Pipeline by 3.4% in the 3rd quarter. Creative Planning now owns 73,995 shares of the pipeline company’s stock valued at $3,052,000 after buying an additional 2,419 shares during the period. Finally, Baskin Financial Services Inc. boosted its stake in shares of Pembina Pipeline by 1.4% in the third quarter. Baskin Financial Services Inc. now owns 195,298 shares of the pipeline company’s stock valued at $8,045,000 after buying an additional 2,691 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Performance

NYSE PBA opened at $36.20 on Friday. The company has a fifty day moving average of $37.00 and a two-hundred day moving average of $39.51. The company has a market capitalization of $21.01 billion, a PE ratio of 14.96 and a beta of 1.25. Pembina Pipeline has a 1 year low of $33.36 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 Company Profile

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.