Federated Hermes Inc. Purchases 55,136 Shares of Pembina Pipeline Co. (NYSE:PBA)

Federated Hermes Inc. lifted its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 22.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 297,423 shares of the pipeline company’s stock after buying an additional 55,136 shares during the quarter. Federated Hermes Inc.’s holdings in Pembina Pipeline were worth $10,237,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PBA. Baystate Wealth Management LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter valued at approximately $34,000. Rational Advisors LLC bought a new stake in shares of Pembina Pipeline in the 3rd quarter valued at approximately $59,000. Massmutual Trust Co. FSB ADV grew its stake in shares of Pembina Pipeline by 22.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after buying an additional 329 shares in the last quarter. Pacifica Partners Inc. grew its stake in shares of Pembina Pipeline by 159.0% in the 4th quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock valued at $68,000 after buying an additional 1,240 shares in the last quarter. Finally, CWM LLC lifted its holdings in Pembina Pipeline by 23.2% in the 3rd quarter. CWM LLC now owns 2,938 shares of the pipeline company’s stock worth $88,000 after purchasing an additional 554 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

PBA has been the subject of several analyst reports. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Finally, CIBC boosted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday, April 19th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Pembina Pipeline Stock Up 1.1 %

Shares of PBA stock opened at $35.50 on Wednesday. Pembina Pipeline Co. has a 12 month low of $28.15 and a 12 month high of $36.17. The firm has a market cap of $20.57 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 5.24 and a beta of 1.20. The stock has a 50 day moving average of $34.93 and a 200-day moving average of $33.66. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. On average, equities analysts predict that Pembina Pipeline Co. will post 2.24 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.57%. Pembina Pipeline’s payout ratio is 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.