BidaskClub downgraded shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) from a sell rating to a strong sell rating in a research note issued to investors on Monday.
Several other research firms have also issued reports on PBA. AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a sector perform rating to an outperform rating in a report on Wednesday, July 19th. Zacks Investment Research lowered shares of Pembina Pipeline Corp. from a buy rating to a hold rating in a report on Tuesday, August 8th. Finally, National Bank Financial upgraded shares of Pembina Pipeline Corp. from a sector perform rating to an outperform rating in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $43.00.
Pembina Pipeline Corp. (NYSE:PBA) opened at 31.38 on Monday. The firm has a market capitalization of $12.65 billion, a P/E ratio of 30.76 and a beta of 0.71. Pembina Pipeline Corp. has a one year low of $27.44 and a one year high of $34.97. The stock has a 50 day moving average price of $33.40 and a 200 day moving average price of $32.46.
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.08. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. Pembina Pipeline Corp.’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. On average, equities analysts predict that Pembina Pipeline Corp. will post $1.37 EPS for the current fiscal year.
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The company also recently announced a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a yield of 4.85%. Pembina Pipeline Corp.’s payout ratio is 161.86%.
Institutional investors have recently added to or reduced their stakes in the stock. Jarislowsky Fraser Ltd raised its position in Pembina Pipeline Corp. by 10.0% in the second quarter. Jarislowsky Fraser Ltd now owns 12,281,783 shares of the pipeline company’s stock valued at $406,177,000 after buying an additional 1,118,498 shares during the last quarter. Bank of Montreal Can raised its position in shares of Pembina Pipeline Corp. by 13.9% in the second quarter. Bank of Montreal Can now owns 12,169,430 shares of the pipeline company’s stock valued at $403,051,000 after buying an additional 1,488,648 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Pembina Pipeline Corp. by 4.9% in the second quarter. Vanguard Group Inc. now owns 9,944,566 shares of the pipeline company’s stock valued at $329,364,000 after buying an additional 465,249 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Pembina Pipeline Corp. by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,687,484 shares of the pipeline company’s stock valued at $274,802,000 after buying an additional 71,888 shares in the last quarter. Finally, CIBC World Markets Inc. raised its position in shares of Pembina Pipeline Corp. by 2.9% in the second quarter. CIBC World Markets Inc. now owns 6,546,034 shares of the pipeline company’s stock valued at $216,805,000 after buying an additional 186,547 shares in the last quarter. Institutional investors and hedge funds own 47.29% of the company’s stock.
About Pembina Pipeline Corp.
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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