Cetera Investment Advisers Raises Holdings in Pembina Pipeline Corp. (NYSE:PBA)

Cetera Investment Advisers boosted its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 6.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,289 shares of the pipeline company’s stock after purchasing an additional 2,834 shares during the quarter. Cetera Investment Advisers’ holdings in Pembina Pipeline were worth $1,933,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in shares of Pembina Pipeline by 4.5% in the 4th quarter. Wells Fargo & Company MN now owns 215,118 shares of the pipeline company’s stock valued at $7,949,000 after acquiring an additional 9,325 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Pembina Pipeline by 5.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 308,872 shares of the pipeline company’s stock valued at $11,413,000 after acquiring an additional 15,002 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Pembina Pipeline by 8.6% in the 4th quarter. Invesco Ltd. now owns 1,624,743 shares of the pipeline company’s stock valued at $60,034,000 after acquiring an additional 128,176 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at about $2,995,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at about $2,832,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 3.7%

Shares of NYSE PBA opened at $35.54 on Friday. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $43.44. The business has a 50-day moving average price of $37.20 and a 200 day moving average price of $37.52. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. The stock has a market cap of $20.65 billion, a PE ratio of 16.69 and a beta of 0.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.23. Pembina Pipeline had a return on equity of 12.26% and a net margin of 23.24%. The company had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 48.2% on a year-over-year basis. Equities research analysts forecast that Pembina Pipeline Corp. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 8.0%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.51. Pembina Pipeline’s dividend payout ratio (DPR) is presently 93.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PBA. National Bankshares upgraded Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 26th. National Bank Financial upgraded Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 25th. Jefferies Financial Group cut Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Wells Fargo & Company cut Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.00.

Pembina Pipeline Company 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.