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

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have been given an average rating of “Hold” by the seven ratings firms that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $56.50.

A number of equities analysts recently issued reports on PBA shares. Barclays began coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Raymond James began coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating on the stock. TD Securities began coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th.

Pembina Pipeline Stock Up 0.4 %

Shares of NYSE PBA opened at $36.70 on Friday. The business has a 50-day moving average of $37.38 and a two-hundred day moving average of $39.57. The company has a market capitalization of $21.31 billion, a price-to-earnings ratio of 15.17 and a beta of 1.25. Pembina Pipeline has a 1 year low of $32.81 and a 1 year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its holdings in shares of Pembina Pipeline by 11.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,206 shares of the pipeline company’s stock worth $525,000 after buying an additional 1,439 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Pembina Pipeline by 18.0% in the fourth quarter. HighTower Advisors LLC now owns 28,813 shares of the pipeline company’s stock valued at $1,065,000 after purchasing an additional 4,385 shares during the period. AGF Management Ltd. increased its holdings in shares of Pembina Pipeline by 612.7% in the fourth quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company’s stock valued at $40,025,000 after purchasing an additional 929,206 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Pembina Pipeline by 2.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 140,443 shares of the pipeline company’s stock worth $5,186,000 after purchasing an additional 3,655 shares during the last quarter. Finally, Amundi grew its position in Pembina Pipeline by 1.7% in the 4th quarter. Amundi now owns 2,623,945 shares of the pipeline company’s stock valued at $97,007,000 after buying an additional 44,036 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

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.