Pembina Pipeline (NYSE:PBA) Shares Up 0.4%

Shares of Pembina Pipeline Co. (NYSE:PBAGet Free Report) (TSE:PPL) shot up 0.4% on Wednesday . The company traded as high as $37.32 and last traded at $37.21. 178,346 shares were traded during trading, a decline of 83% from the average session volume of 1,033,839 shares. The stock had previously closed at $37.08.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PBA. CIBC upped their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. StockNews.com cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday. Finally, TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

View Our Latest Report on Pembina Pipeline

Pembina Pipeline Stock Performance

The company has a debt-to-equity ratio of 0.78, a current ratio of 1.03 and a quick ratio of 0.71. The company has a market cap of $21.58 billion, a PE ratio of 16.20, a PEG ratio of 5.48 and a beta of 1.20. The stock has a 50 day simple moving average of $35.40 and a two-hundred day simple moving average of $34.23.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.83 billion. Equities analysts predict that Pembina Pipeline Co. will post 2.24 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.501 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, June 17th. This represents a $2.00 annualized dividend and a dividend yield of 5.38%. Pembina Pipeline’s dividend payout ratio is 85.65%.

Hedge Funds Weigh In On Pembina Pipeline

Institutional investors have recently added to or reduced their stakes in the stock. Duff & Phelps Investment Management Co. increased its holdings in shares of Pembina Pipeline by 44.9% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,556,638 shares of the pipeline company’s stock valued at $53,850,000 after purchasing an additional 482,067 shares during the period. Triasima Portfolio Management inc. acquired a new position in Pembina Pipeline in the 4th quarter valued at $17,285,000. Federated Hermes Inc. raised its position in Pembina Pipeline by 22.8% during the 4th quarter. Federated Hermes Inc. now owns 297,423 shares of the pipeline company’s stock worth $10,237,000 after buying an additional 55,136 shares during the last quarter. Intact Investment Management Inc. lifted its stake in shares of Pembina Pipeline by 48.4% in the 4th quarter. Intact Investment Management Inc. now owns 925,064 shares of the pipeline company’s stock worth $31,850,000 after acquiring an additional 301,700 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Pembina Pipeline by 3.8% in the third quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company’s stock valued at $147,430,000 after acquiring an additional 180,798 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

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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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