Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 23.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,190 shares of the pipeline company’s stock after selling 2,163 shares during the period. Bleakley Financial Group LLC’s holdings in Pembina Pipeline were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Legal & General Group Plc increased its holdings in shares of Pembina Pipeline by 3.8% in the 3rd quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company’s stock valued at $147,430,000 after acquiring an additional 180,798 shares during the period. Baskin Financial Services Inc. increased its stake in Pembina Pipeline by 5.0% in the 4th quarter. Baskin Financial Services Inc. now owns 196,108 shares of the pipeline company’s stock valued at $6,749,000 after buying an additional 9,306 shares during the period. Vanguard Group Inc. increased its stake in Pembina Pipeline by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 21,222,536 shares of the pipeline company’s stock valued at $637,949,000 after buying an additional 351,266 shares during the period. Deutsche Bank AG increased its stake in Pembina Pipeline by 1.0% in the 3rd quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company’s stock valued at $402,538,000 after buying an additional 131,487 shares during the period. Finally, Natixis Advisors L.P. increased its stake in Pembina Pipeline by 6.4% in the 3rd quarter. Natixis Advisors L.P. now owns 20,672 shares of the pipeline company’s stock valued at $621,000 after buying an additional 1,237 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PBA shares. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $34.48 on Tuesday. The firm has a market capitalization of $19.98 billion, a P/E ratio of 15.60, a PEG ratio of 5.08 and a beta of 1.20. Pembina Pipeline Co. has a one year low of $28.15 and a one year high of $36.17. The company’s fifty day moving average is $34.80 and its two-hundred day moving average is $33.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. Analysts forecast that Pembina Pipeline Co. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.4944 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a dividend yield of 5.74%. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s payout ratio is presently 89.14%.

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.