Achmea Investment Management B.V. Has $17.36 Million Position in Pembina Pipeline Corp. $PBA

Achmea Investment Management B.V. lowered its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 13.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 429,382 shares of the pipeline company’s stock after selling 64,849 shares during the quarter. Achmea Investment Management B.V. owned 0.07% of Pembina Pipeline worth $17,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBA. AQR Capital Management LLC acquired a new position in shares of Pembina Pipeline in the 1st quarter worth approximately $374,000. Focus Partners Wealth acquired a new position in Pembina Pipeline during the first quarter worth $312,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Pembina Pipeline during the second quarter valued at $304,000. Vise Technologies Inc. bought a new position in shares of Pembina Pipeline during the second quarter valued at $219,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Pembina Pipeline by 15.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 28,749 shares of the pipeline company’s stock valued at $1,078,000 after purchasing an additional 3,760 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 1.1%

NYSE:PBA opened at $44.06 on Wednesday. The company has a market cap of $25.60 billion, a price-to-earnings ratio of 23.19 and a beta of 0.68. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The stock’s fifty day moving average price is $42.11 and its two-hundred day moving average price is $39.83. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $45.09.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The business’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. On average, analysts anticipate that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Monday, March 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 109.47%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on PBA shares. Weiss Ratings upgraded shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. TD Securities lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.00.

Pembina Pipeline Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.