Pembina Pipeline Corp (PBA) Receives Consensus Recommendation of “Hold” from Brokerages

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) has been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company.

A number of research analysts have recently weighed in on PBA shares. Zacks Investment Research cut Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Macquarie cut Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th.

Pembina Pipeline (PBA) opened at $32.26 on Monday. Pembina Pipeline has a 52-week low of $30.17 and a 52-week high of $36.99. The firm has a market capitalization of $16,035.68, a price-to-earnings ratio of 32.20 and a beta of 0.66. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60.

The business also recently disclosed a feb 18 dividend, which will be paid on Thursday, March 15th. Investors of record on Sunday, February 25th will be given a dividend of $0.18 per share. This represents a yield of 0.00560224089635854%. The ex-dividend date is Thursday, February 22nd. Pembina Pipeline’s dividend payout ratio is presently 175.76%.

Institutional investors have recently bought and sold shares of the stock. Shell Asset Management Co. increased its position in Pembina Pipeline by 259.3% during the 3rd quarter. Shell Asset Management Co. now owns 122,186 shares of the pipeline company’s stock worth $5,765,000 after purchasing an additional 88,182 shares in the last quarter. TD Asset Management Inc. increased its position in Pembina Pipeline by 4.0% during the 3rd quarter. TD Asset Management Inc. now owns 5,845,179 shares of the pipeline company’s stock worth $204,615,000 after purchasing an additional 226,004 shares in the last quarter. Gulf International Bank UK Ltd increased its position in Pembina Pipeline by 31.9% during the 4th quarter. Gulf International Bank UK Ltd now owns 164,281 shares of the pipeline company’s stock worth $5,947,000 after purchasing an additional 39,697 shares in the last quarter. Neuberger Berman Group LLC increased its position in Pembina Pipeline by 17.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 145,109 shares of the pipeline company’s stock worth $5,093,000 after purchasing an additional 21,170 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Pembina Pipeline by 64.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,100,744 shares of the pipeline company’s stock worth $248,486,000 after purchasing an additional 2,787,001 shares in the last quarter. Hedge funds and other institutional investors own 45.03% of the company’s stock.

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About Pembina Pipeline

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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