Pembina Pipeline (NYSE:PBA) Price Target Raised to $57.00 at CIBC

Pembina Pipeline (NYSE:PBA) (TSE:PPL) had its price target boosted by CIBC from $56.00 to $57.00 in a research report released on Friday, Benzinga reports. The firm currently has an outperformer rating on the pipeline company’s stock.

A number of other equities research analysts have also recently commented on the stock. TheStreet upgraded shares of Pembina Pipeline from a c rating to a b- rating in a report on Thursday, February 29th. StockNews.com upgraded shares of Pembina Pipeline from a hold rating to a buy rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $52.00.

Pembina Pipeline Trading Up 1.7 %

PBA opened at $34.87 on Friday. Pembina Pipeline has a twelve month low of $28.15 and a twelve month high of $36.17. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $34.86 and a 200-day moving average of $33.50. The stock has a market cap of $20.21 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 5.13 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, sell-side analysts predict that Pembina Pipeline will post 2.23 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.4944 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.67%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is 89.14%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PBA. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Pembina Pipeline by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after buying an additional 438 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Pembina Pipeline by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 575,920 shares of the pipeline company’s stock valued at $21,655,000 after buying an additional 3,604 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Pembina Pipeline by 53.4% in the first quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company’s stock valued at $1,492,000 after buying an additional 13,820 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Pembina Pipeline by 8.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,446 shares of the pipeline company’s stock valued at $656,000 after buying an additional 1,420 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Pembina Pipeline by 20.3% in the first quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company’s stock valued at $1,478,000 after buying an additional 6,629 shares in the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Company Profile

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.