Pembina Pipeline (NYSE:PBA) Hits New 12-Month High at $41.76

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $41.76 and last traded at $41.73, with a volume of 155065 shares. The stock had previously closed at $41.24.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group assumed coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Citigroup lifted their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Price Performance

The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The company has a market cap of $24.54 billion, a P/E ratio of 18.38, a PEG ratio of 5.68 and a beta of 1.25. The business’s fifty day moving average is $39.73 and its 200 day moving average is $37.51.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pembina Pipeline Co. will post 2.42 EPS for the current year.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 4.73%. Pembina Pipeline’s payout ratio is 88.70%.

Institutional Investors Weigh In On Pembina Pipeline

A number of hedge funds and other institutional investors have recently bought and sold shares of PBA. Beacon Capital Management LLC bought a new stake in Pembina Pipeline during the 1st quarter valued at $37,000. Creekmur Asset Management LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at $62,000. EverSource Wealth Advisors LLC grew its position in shares of Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 387 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Pembina Pipeline during the 1st quarter valued at $88,000. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Pembina Pipeline by 47.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,511 shares of the pipeline company’s stock valued at $93,000 after purchasing an additional 805 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

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.