Pembina Pipeline (NYSE:PBA) Stock Price Down 1.1%

Shares of Pembina Pipeline Co. (NYSE:PBAGet Free Report) (TSE:PPL) traded down 1.1% during mid-day trading on Wednesday . The company traded as low as $36.32 and last traded at $36.36. 236,832 shares traded hands during trading, a decline of 78% from the average session volume of 1,063,535 shares. The stock had previously closed at $36.77.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. CIBC increased their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a report on Friday, April 19th. TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. Scotiabank lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. Finally, StockNews.com downgraded Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $52.00.

View Our Latest Analysis on PBA

Pembina Pipeline Stock Performance

The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $21.00 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 5.30 and a beta of 1.20. The stock has a fifty day moving average price of $35.75 and a 200-day moving average price of $34.63.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last released its quarterly earnings data on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, analysts anticipate that Pembina Pipeline Co. will post 2.29 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be given a $0.501 dividend. The ex-dividend date is Monday, June 17th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. This represents a $2.00 dividend on an annualized basis and a yield of 5.53%. Pembina Pipeline’s payout ratio is 85.65%.

Institutional Trading of Pembina Pipeline

Hedge funds have recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new stake in Pembina Pipeline during the 4th quarter valued at $25,000. Baystate Wealth Management LLC acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at $34,000. Beacon Capital Management LLC bought a new position in shares of Pembina Pipeline in the first quarter valued at about $37,000. EverSource Wealth Advisors LLC lifted its position in Pembina Pipeline by 74.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after buying an additional 462 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in Pembina Pipeline by 303.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 1,142 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

(Get Free Report)

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.

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