Pembina Pipeline Co. (NYSE:PBA) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $56.50.

Several research analysts have recently issued reports on the company. TD Securities initiated coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays started coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating on the stock. Finally, Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th.

Institutional Trading of Pembina Pipeline

Institutional investors and hedge funds have recently bought and sold shares of the business. Safe Harbor Fiduciary LLC purchased a new stake in shares of Pembina Pipeline in the third quarter valued at about $26,000. Dunhill Financial LLC acquired a new position in Pembina Pipeline in the 3rd quarter valued at about $28,000. Versant Capital Management Inc acquired a new position in Pembina Pipeline in the 4th quarter valued at about $27,000. Sound Income Strategies LLC purchased a new stake in Pembina Pipeline during the 4th quarter valued at approximately $27,000. Finally, Eastern Bank acquired a new stake in Pembina Pipeline during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $39.91 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a fifty day simple moving average of $37.59 and a 200-day simple moving average of $39.29. The stock has a market cap of $23.17 billion, a P/E ratio of 16.49 and a beta of 1.26. Pembina Pipeline has a 12-month low of $33.83 and a 12-month high of $43.44.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.79%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 86.76%.

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.