(NYSE: PBA-Get Rating) (TSE: PPL) announced that it will begin paying a monthly dividend beginning September 7. On Friday, October 14, the pipeline company will pay a dividend of $0.166 per share to shareholders who were of record as holding shares as of Friday, September 23. The dividend payment will be paid to shareholders of record as having shares as of Friday, September 23. This translates to an annual dividend of $1.99 and a dividend yield of 5.73%. for investment. September 22, which is a Thursday, is the day that will no longer count towards the payment amount. This is a significant increase from the previous monthly dividend payment of $0.16 made by Pembina Pipeline. Pembina Pipeline has increased the amount of money it pays out as a dividend by an average of 5.2% each year, when calculated annually over the past three years. Pembina Pipeline has a dividend payout ratio of 89.8%, which means earnings currently cover the dividend; however, if earnings continue to decline in the future, this may no longer be the case. Over the coming year, Pembina Pipeline is expected to generate earnings of $2.31 per share. Given that the company’s expected future payout ratio is 84.0%, it should be able to pay its annual dividend of $1.94, given that the ratio is expected to be in the future.
PBA shares were first offered for trading on Friday at $34.75. Over the previous twelve months, the price of Pembina Pipeline ranged from a low of $28.89 to a high of $42.74 at its highest price. Because the stock has a market value of $19.29 billion, a P/E ratio of 17.03, a PEG ratio of 5.04 and a beta value of 1.24, it is well capitalized. This is because these metrics all add up to a positive number. The debt ratio, the current ratio and the liquidity measure ratio are all 1.20, but the liquidity measure ratio is 0.79. The company’s price has a moving average of $36.31 over the past fifty days, and its price has a moving average of $37.24 over the past two hundred days. Pembina Pipeline (NYSE: PBA-Get Rating) (TSE: PPL) released its quarterly results on Thursday, August 4. Earnings per share for the Pipeline Division were $0.69 for the quarter, $0.22 above the consensus estimate of $0.47. Pembina Pipeline had a return on equity of 12.70%, while the company’s net margin was 14.15%. The company’s sales for the quarter were $3.10 billion, which was much better than analysts’ estimates of $2.98 billion. The company reported earnings of $0.32 per share for the same period in the prior year’s financial statements. Compared to the same period a year earlier, Pembina Pipeline’s quarterly revenues increased by 62.7%. According to projections by sell-side analysts, Pembina Pipeline is expected to generate earnings of $2.29 per share in the current fiscal year.
The PBA has recently seen a shift in the level of interest expressed by institutional investors and hedge funds, which has happened relatively recently. Atria Wealth Solutions Inc. invested approximately $200,000 in Pembina Pipeline in the first three months of 2018 to acquire a new stake in the business. Pembina Pipeline received additional investment from Private Advisor Group LLC totaling approximately $213,000 in the first three months of 2018. Capital International investors spent approximately $218,000 in the first three months to acquire a new position in Pembina pipeline as part of their investment portfolio. During the first three months of the year, Cresset Asset Management LLC managed to increase the percentage of its stake in Pembina Pipeline, which it held from 8.6%. After purchasing an additional 648 shares during the relevant period, Cresset Asset Management LLC now owns 8,210 shares of the pipeline company, each of which is worth $309,000. These shares were acquired during the period in question. And finally, during the first quarter, Clearbridge Investments LLC increased its investment in Pembina Pipeline by 42.4% by purchasing additional shares of the company. After making another 3,971 stock purchases during the relevant period, Clearbridge Investments LLC now owns 13,326 shares of pipeline companies, which have $499,000. These shares were acquired after the company made an additional purchase during the relevant period. 54.92% of the company’s shares are held by institutional investors, such as hedge funds and other institutional investors.
Various analysts discussed the PBA and provided their insights into the research they compiled.
In a research report released Thursday, May 19, 2015, Canaccord Genuity Group upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research report. Additionally, the price target they have set for the stock has gone from C$54.00 to C$56.00. Pembina Pipeline’s rating has been upgraded from “c” to “b-” as a direct result of results presented in a research study published by TheStreet on May 24. Equity research experts made six recommendations to buy the company, while four suggestions were made to stick with it. According to MarketBeat.com, Pembina Pipeline’s current rating is ‘Moderate Buy’, and the price target for the company has been set at an average of $52.63. Pembina Pipeline Corporation is an organization that provides midstream and transportation services to the petroleum industry so that it can better serve its customers. The activity is organized into three distinct functional directorates: the pipelines directorate, the facilities directorate and the marketing and new initiatives directorate. The Pipelines segment owns and operates conventional pipelines, oil sands and heavy oil pipelines, and transmission assets. In addition, this company also owns and operates heavy oil pipelines. This division serves North American markets and basins with a daily transportation capacity of 3.1 million barrels of oil equivalent, a daily ground storage capacity of 11 million barrels and a daily rail terminal capacity of approximately 105 thousand barrels of oil equivalent.
Before you even think about using the Pembina pipeline, you need to make sure you are aware of this essential information. MarketBeat tracks the most reputable and successful research analysts working on Wall Street and the companies these analysts recommend to their clients daily. MarketBeat also tracks the companies that these analysts study closely. According to MarketBeat, top market analysts are encouraging their clients to buy shares of the following five companies as soon as possible before the rest of the market catches on to what’s going on. Unfortunately, these companies did not include Pembina Pipeline in their respective company listings.