Simplicity Solutions LLC Sells 2,163 Shares of Pembina Pipeline Co. (NYSE:PBA)

Simplicity Solutions LLC trimmed its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 23.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,190 shares of the pipeline company’s stock after selling 2,163 shares during the quarter. Simplicity Solutions LLC’s holdings in Pembina Pipeline were worth $247,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PBA. Norges Bank purchased a new position in Pembina Pipeline during the 4th quarter valued at approximately $132,486,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Pembina Pipeline by 340.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,640,000 shares of the pipeline company’s stock worth $79,412,000 after purchasing an additional 2,040,000 shares during the last quarter. Wellington Management Group LLP raised its stake in Pembina Pipeline by 403.7% during the first quarter. Wellington Management Group LLP now owns 2,229,313 shares of the pipeline company’s stock valued at $83,832,000 after purchasing an additional 1,786,692 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Pembina Pipeline by 36.1% during the second quarter. Goldman Sachs Group Inc. now owns 5,648,817 shares of the pipeline company’s stock valued at $199,686,000 after purchasing an additional 1,499,309 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Pembina Pipeline in the 1st quarter worth $35,692,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PBA. CIBC increased their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Trading Up 1.7 %

Shares of NYSE:PBA opened at $34.88 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $20.21 billion, a PE ratio of 15.78, a P/E/G ratio of 5.13 and a beta of 1.20. Pembina Pipeline Co. has a 12-month low of $28.15 and a 12-month high of $36.17. The business’s fifty day simple moving average is $34.86 and its 200-day simple moving average is $33.53.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities research analysts predict that Pembina Pipeline Co. will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared 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 an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 5.67%. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 89.14%.

Pembina Pipeline Profile

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.