Pembina Pipeline Co. (NYSE:PBA) Holdings Cut by Eagle Global Advisors LLC

Eagle Global Advisors LLC lowered its holdings in Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 123,895 shares of the pipeline company’s stock after selling 19,130 shares during the period. Eagle Global Advisors LLC’s holdings in Pembina Pipeline were worth $4,264,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV increased its stake in shares of Pembina Pipeline by 22.6% in 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 during the period. EverSource Wealth Advisors LLC increased its stake in shares of Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 462 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Pembina Pipeline by 3.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 15,872 shares of the pipeline company’s stock valued at $549,000 after purchasing an additional 547 shares during the period. Gulf International Bank UK Ltd increased its stake in shares of Pembina Pipeline by 15.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 3,999 shares of the pipeline company’s stock valued at $137,000 after purchasing an additional 550 shares during the period. Finally, Thrive Wealth Management LLC increased its stake in shares of Pembina Pipeline by 2.0% in the fourth quarter. Thrive Wealth Management LLC now owns 29,739 shares of the pipeline company’s stock valued at $1,024,000 after purchasing an additional 569 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of NYSE PBA traded up $0.24 during mid-day trading on Friday, reaching $36.51. 2,049,875 shares of the company traded hands, compared to its average volume of 1,073,883. The firm has a market cap of $21.16 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 5.37 and a beta of 1.20. Pembina Pipeline Co. has a fifty-two week low of $28.15 and a fifty-two week high of $37.47. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.03 and a quick ratio of 0.93. The stock has a fifty day simple moving average of $35.60 and a 200-day simple moving average of $34.47.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last issued its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. Equities research analysts anticipate that Pembina Pipeline Co. will post 2.27 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be issued a dividend of $0.501 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.49%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, June 17th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 85.65%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PBA. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. StockNews.com lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. CIBC raised their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. Finally, Scotiabank lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 19th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.00.

Get Our Latest Stock Analysis on PBA

Pembina Pipeline Company Profile

(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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