Pembina Pipeline (NYSE:PBA) Upgraded at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen upgraded shares of Pembina Pipeline (NYSE:PBA – Free Report) (TSE:PPL) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other analysts have also recently issued reports on PBA. BMO Capital Markets reiterated a “market perform” rating and set a $68.00 target price on shares of Pembina Pipeline in a report on Friday, July 3rd. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Royal Bank Of Canada lifted their price target on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. Finally, TD Securities reissued a “buy” rating on shares of Pembina Pipeline in a research report on Thursday, July 16th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.00.

Get Our Latest Research Report on PBA

Pembina Pipeline Price Performance

PBA stock opened at $49.92 on Friday. The stock has a 50-day moving average price of $48.34 and a two-hundred day moving average price of $45.13. Pembina Pipeline has a 12-month low of $35.45 and a 12-month high of $51.58. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The company has a market cap of $29.03 billion, a PE ratio of 26.00 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The firm’s revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, research analysts predict that Pembina Pipeline will post 2.2 EPS for the current year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.735 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 annualized dividend and a dividend yield of 5.9%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 110.94%.

Hedge Funds Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in Pembina Pipeline in the 1st quarter worth approximately $25,000. Tobam acquired a new stake in Pembina Pipeline in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd acquired a new stake in Pembina Pipeline in the third quarter valued at approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Pembina Pipeline during the fourth quarter valued at approximately $36,000. Finally, Larson Financial Group LLC raised its stake in shares of Pembina Pipeline by 32.4% during the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 259 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Company Profile

(Get Free Report)

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

Further Reading