Shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) have been given a consensus rating of “Buy” by the nine research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company.
Separately, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a report on Thursday, May 23rd.
Hedge funds have recently bought and sold shares of the business. Phocas Financial Corp. purchased a new stake in Pembina Pipeline during the 4th quarter worth approximately $28,000. Motco purchased a new stake in Pembina Pipeline during the 1st quarter worth approximately $28,000. Parallel Advisors LLC increased its holdings in Pembina Pipeline by 350.0% during the 1st quarter. Parallel Advisors LLC now owns 810 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 630 shares during the last quarter. Cornerstone Advisors Inc. increased its holdings in Pembina Pipeline by 51.7% during the 2nd quarter. Cornerstone Advisors Inc. now owns 804 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 274 shares during the last quarter. Finally, Zions Bancorporation N.A. purchased a new stake in Pembina Pipeline during the 1st quarter worth approximately $36,000. Institutional investors own 51.71% of the company’s stock.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, May 2nd. The pipeline company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.04). The firm had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Pembina Pipeline had a return on equity of 10.61% and a net margin of 16.39%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 earnings per share. On average, equities analysts predict that Pembina Pipeline will post 1.69 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a dividend of $0.153 per share. The ex-dividend date is Wednesday, July 24th. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.13. This represents a $1.84 annualized dividend and a yield of 4.82%. Pembina Pipeline’s payout ratio is currently 100.56%.
About Pembina Pipeline
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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