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Pembina Pipeline (NYSE:PBA) Hits New 1-Year High of $37.95

Pembina Pipeline (NYSE:PBA) Hits New 1-Year High of .95


Pembina Pipeline Co. (NYSE:PBA – Get Free Report) (TSE:PPL) stock reached a new 52-week high during midday trading on Thursday. The company was trading at $37.95 and was last traded at $37.94, with volume of 76,551 shares trading hands. The stock previously closed at $37.66.

Analysts set new price targets

Several research firms have recently weighed in on PBA. StockNews.com downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. CIBC increased their price target on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday, April 19th. Finally, Scotiabank downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Three investment analysts have rated the stock with a hold rating and one has given it a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $52.00.

Check out our latest stock analysis on PBA

Pembina pipeline price development

The stock has a market cap of $21.98 billion, a price/earnings ratio of 16.48, a price/earnings growth ratio of 5.34 and a beta of 1.25. The stock’s 50-day moving average is $37.01 and its 200-day moving average is $35.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.03 and a quick ratio of 0.93.

Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last released its earnings results on Thursday, May 9. The pipeline company reported $0.54 EPS for the quarter, which met analysts’ consensus estimates of $0.54. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The company had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.83 billion. As a group, equities analysts expect Pembina Pipeline Co. to post 2.36 EPS for the current year.

Pembina pipeline increases dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a dividend of $0.501. The ex-dividend date was Monday, June 17th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. This represents a dividend of $2.00 on an annualized basis and a dividend yield of 5.29%. Pembina Pipeline’s dividend payout ratio is currently 87.83%.

Hedge funds weigh in on Pembina pipeline

Hedge funds have recently made changes to their positions in the company. Granite Group Advisors LLC increased its stake in Pembina Pipeline by 5.2% in the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock worth $237,000 after purchasing an additional 330 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 462 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Pembina Pipeline by 3.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the pipeline company’s stock worth $503,000 after purchasing an additional 500 shares during the period. Cigna Investments Inc. New increased its holdings in Pembina Pipeline by 4.8% during the second quarter. Cigna Investments Inc. New now owns 11,014 shares of the pipeline company’s stock worth $409,000 after purchasing an additional 506 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Pembina Pipeline by 4.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,907 shares of the pipeline company’s stock worth $442,000 after purchasing an additional 508 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

(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 2.9 million barrels of oil equivalent per day of transportation capacity, 10 million barrels of ground storage capacity, and approximately 105 thousand barrels of oil equivalent per day of rail terminal capacity serving markets and basins in North America.

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