Swiss National Bank Lowers Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Swiss National Bank reduced its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.1% during the 4th quarter, Holdings Channel reports. The firm owned 1,785,696 shares of the pipeline company’s stock after selling 58,000 shares during the quarter. Swiss National Bank’s holdings in Pembina Pipeline were worth $61,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PBA. Baystate Wealth Management LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at approximately $34,000. Rational Advisors LLC acquired a new position in Pembina Pipeline during the third quarter worth $59,000. Massmutual Trust Co. FSB ADV lifted its holdings in Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 329 shares in the last quarter. Pacifica Partners Inc. grew its position in shares of Pembina Pipeline by 159.0% in the fourth quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock valued at $68,000 after purchasing an additional 1,240 shares during the period. Finally, NBC Securities Inc. purchased a new stake in shares of Pembina Pipeline during the third quarter worth about $136,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

PBA opened at $35.51 on Monday. The firm has a market capitalization of $20.58 billion, a PE ratio of 16.07, a PEG ratio of 5.28 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. Pembina Pipeline Co. has a twelve month low of $28.15 and a twelve month high of $36.17. The firm’s 50-day moving average price is $35.16 and its 200 day moving average price is $33.94.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion. As a group, sell-side analysts expect that Pembina Pipeline Co. will post 2.24 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 issued a $0.4944 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio is presently 89.14%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PBA. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, CIBC lifted their price target on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

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.