Capital World Investors Makes New $32.54 Million Investment in Pembina Pipeline Co. (NYSE:PBA)

Capital World Investors acquired a new stake in Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 945,154 shares of the pipeline company’s stock, valued at approximately $32,541,000. Capital World Investors owned about 0.17% of Pembina Pipeline as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its position in Pembina Pipeline by 9.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 879,916 shares of the pipeline company’s stock worth $26,450,000 after purchasing an additional 74,723 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Pembina Pipeline by 14.4% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,873 shares of the pipeline company’s stock valued at $327,000 after acquiring an additional 1,367 shares during the period. Van ECK Associates Corp lifted its position in Pembina Pipeline by 4.4% during the third quarter. Van ECK Associates Corp now owns 183,396 shares of the pipeline company’s stock worth $5,515,000 after acquiring an additional 7,711 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Pembina Pipeline by 1.6% during the third quarter. HighTower Advisors LLC now owns 63,141 shares of the pipeline company’s stock worth $1,898,000 after acquiring an additional 1,021 shares during the period. Finally, Huntington National Bank grew its position in shares of Pembina Pipeline by 106.9% in the third quarter. Huntington National Bank now owns 7,745 shares of the pipeline company’s stock valued at $233,000 after purchasing an additional 4,002 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Trading Down 0.8 %

PBA opened at $37.04 on Friday. The company has a market cap of $21.47 billion, a P/E ratio of 16.10, a PEG ratio of 5.44 and a beta of 1.24. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. The company’s 50 day moving average is $35.99 and its 200-day moving average is $34.82. Pembina Pipeline Co. has a 1-year low of $28.15 and a 1-year high of $37.47.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.83 billion. Equities research analysts predict that Pembina Pipeline Co. will post 2.29 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be paid a dividend of $0.501 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.41%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, June 17th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 85.65%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PBA shares. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. Scotiabank cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. 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 note on Friday, April 19th. Finally, StockNews.com lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and an average target price of $52.00.

View Our Latest Stock Analysis on PBA

About Pembina Pipeline

(Free Report)

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.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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