Pembina Pipeline (NYSE:PBA) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen downgraded shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a hold rating to a sell rating in a research report report published on Saturday morning.

PBA has been the subject of a number of other research reports. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd. National Bank Financial raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 25th. National Bankshares raised Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. Wells Fargo & Company downgraded Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. Finally, Jefferies Financial Group downgraded Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Pembina Pipeline Stock Up 0.8%

PBA opened at $35.78 on Friday. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. The company has a market capitalization of $20.79 billion, a P/E ratio of 16.80 and a beta of 0.78. The stock has a fifty day moving average of $37.16 and a 200-day moving average of $37.52.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a $0.71 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Monday, September 15th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 97.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PBA. Wells Fargo & Company MN grew its position in Pembina Pipeline by 4.5% in the fourth quarter. Wells Fargo & Company MN now owns 215,118 shares of the pipeline company’s stock valued at $7,949,000 after acquiring an additional 9,325 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Pembina Pipeline by 5.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 308,872 shares of the pipeline company’s stock valued at $11,413,000 after buying an additional 15,002 shares during the period. Invesco Ltd. increased its stake in shares of Pembina Pipeline by 8.6% in the fourth quarter. Invesco Ltd. now owns 1,624,743 shares of the pipeline company’s stock valued at $60,034,000 after buying an additional 128,176 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Pembina Pipeline in the fourth quarter valued at approximately $2,995,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Pembina Pipeline in the fourth quarter valued at approximately $2,832,000. Institutional investors own 55.37% of the company’s stock.

About Pembina Pipeline

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.