Pembina Pipeline (NYSE:PBA) Reaches New 1-Year High – What’s Next?

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $43.44 and last traded at $42.93, with a volume of 1205675 shares traded. The stock had previously closed at $43.17.

Analyst Upgrades and Downgrades

PBA has been the subject of a number of recent research reports. Citigroup raised their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating for the company. Finally, UBS Group started coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Performance

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 company has a market capitalization of $24.92 billion, a P/E ratio of 17.74 and a beta of 1.25. The business has a 50 day moving average of $41.92 and a 200-day moving average of $39.33.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.43%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s payout ratio is presently 84.30%.

Institutional Trading of Pembina Pipeline

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in Pembina Pipeline by 10.2% during the third quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company’s stock worth $113,531,000 after buying an additional 251,982 shares in the last quarter. Barclays PLC grew its position in Pembina Pipeline by 86.5% during the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock worth $2,226,000 after buying an additional 25,031 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Pembina Pipeline during the third quarter worth about $2,094,000. MML Investors Services LLC purchased a new position in Pembina Pipeline during the third quarter worth about $228,000. Finally, Dunhill Financial LLC purchased a new position in Pembina Pipeline during the third quarter worth about $28,000. 55.37% of the stock is currently owned by institutional investors.

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.