Pembina Pipeline Co. (NYSE:PBA) Given Consensus Rating of “Hold” by Analysts

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

Several research firms recently issued reports on PBA. TD Securities began coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Barclays began coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating on the stock. Finally, Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th.

Institutional Investors Weigh In On Pembina Pipeline

Several large investors have recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC bought a new position in shares of Pembina Pipeline in the third quarter worth $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Pembina Pipeline in the third quarter worth $26,000. Versant Capital Management Inc bought a new position in shares of Pembina Pipeline in the fourth quarter worth $27,000. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline in the fourth quarter worth $27,000. Finally, Dunhill Financial LLC bought a new position in shares of Pembina Pipeline in the third quarter worth $28,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Performance

PBA stock opened at $37.83 on Wednesday. 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 firm has a market cap of $21.97 billion, a P/E ratio of 15.63 and a beta of 1.26. Pembina Pipeline has a 12-month low of $33.83 and a 12-month high of $43.44. The stock’s 50 day simple moving average is $36.84 and its 200 day simple moving average is $39.38.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.4783 dividend. This represents a $1.91 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio is presently 86.76%.

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.