Pembina Pipeline Co. (NYSE:PBA) Given Average Rating of “Hold” by Brokerages

Shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) have received an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $56.50.

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

Institutional Trading of Pembina Pipeline

A number of large investors have recently modified their holdings of the stock. Truist Financial Corp grew its stake in Pembina Pipeline by 23.5% during the 2nd quarter. Truist Financial Corp now owns 22,779 shares of the pipeline company’s stock worth $845,000 after purchasing an additional 4,331 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Pembina Pipeline by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 49,076 shares of the pipeline company’s stock valued at $1,820,000 after buying an additional 839 shares during the period. CWM LLC grew its position in shares of Pembina Pipeline by 38.7% during the third quarter. CWM LLC now owns 7,874 shares of the pipeline company’s stock worth $325,000 after buying an additional 2,198 shares in the last quarter. Creative Planning increased its stake in shares of Pembina Pipeline by 3.4% during the third quarter. Creative Planning now owns 73,995 shares of the pipeline company’s stock worth $3,052,000 after buying an additional 2,419 shares during the period. Finally, Baskin Financial Services Inc. raised its holdings in Pembina Pipeline by 1.4% in the third quarter. Baskin Financial Services Inc. now owns 195,298 shares of the pipeline company’s stock valued at $8,045,000 after acquiring an additional 2,691 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 0.4 %

Shares of PBA stock opened at $36.70 on Friday. Pembina Pipeline has a twelve month low of $32.81 and a twelve month high of $43.44. The stock has a market cap of $21.31 billion, a P/E ratio of 15.17 and a beta of 1.25. The stock has a 50 day moving average of $37.38 and a 200 day moving average of $39.57. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

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.