Pembina Pipeline Corp (NYSE:PBA) Given Average Recommendation of “Buy” by Brokerages

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) has earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company.

Separately, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd.

NYSE:PBA traded up $0.09 during trading hours on Friday, hitting $38.08. The company’s stock had a trading volume of 362,473 shares, compared to its average volume of 428,711. The company has a 50-day moving average price of $36.93. The firm has a market capitalization of $19.46 billion, a P/E ratio of 21.51, a PEG ratio of 4.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.50. Pembina Pipeline has a 52-week low of $28.30 and a 52-week high of $38.56.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Pembina Pipeline had a return on equity of 10.61% and a net margin of 16.39%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. On average, research analysts anticipate that Pembina Pipeline will post 1.69 EPS for the current fiscal year.

The company also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a $0.153 dividend. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $1.84 annualized dividend and a yield of 4.82%. Pembina Pipeline’s dividend payout ratio is 100.56%.

A number of institutional investors have recently bought and sold shares of PBA. BlackRock Inc. grew its holdings in Pembina Pipeline by 2.0% in the fourth quarter. BlackRock Inc. now owns 279,222 shares of the pipeline company’s stock valued at $8,285,000 after purchasing an additional 5,445 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Pembina Pipeline by 14.1% in the fourth quarter. Bank of New York Mellon Corp now owns 716,710 shares of the pipeline company’s stock valued at $21,265,000 after purchasing an additional 88,518 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Pembina Pipeline by 2.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 40,834 shares of the pipeline company’s stock valued at $1,212,000 after purchasing an additional 960 shares during the last quarter. Advisor Group Inc. grew its holdings in Pembina Pipeline by 29.9% in the fourth quarter. Advisor Group Inc. now owns 25,268 shares of the pipeline company’s stock valued at $751,000 after purchasing an additional 5,813 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in Pembina Pipeline by 19.6% in the fourth quarter. Hsbc Holdings PLC now owns 169,525 shares of the pipeline company’s stock valued at $5,030,000 after purchasing an additional 27,803 shares during the last quarter. 51.71% of the stock is currently owned by institutional investors.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Analyst Recommendations for Pembina Pipeline (NYSE:PBA)

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