Analysts Set Pembina Pipeline Co. (NYSE:PBA) Target Price at $56.50

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $56.50.

A number of equities analysts have weighed in on PBA shares. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, Barclays started coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company.

Hedge Funds Weigh In On Pembina Pipeline

A number of institutional investors have recently made changes to their positions in PBA. Prospera Private Wealth LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at approximately $27,000. Finally, Dunhill Financial LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter valued at approximately $28,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Up 0.3 %

Shares of NYSE:PBA opened at $37.83 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline has a 1 year low of $33.83 and a 1 year high of $43.44. The stock has a market capitalization of $21.97 billion, a P/E ratio of 15.63 and a beta of 1.26. The stock has a 50-day simple moving average of $36.84 and a 200-day simple moving average of $39.38.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is 86.76%.

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.