Swiss National Bank Has $67.60 Million Stake in Pembina Pipeline Corp. $PBA

Swiss National Bank lowered its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,671,296 shares of the pipeline company’s stock after selling 93,200 shares during the period. Swiss National Bank’s holdings in Pembina Pipeline were worth $67,604,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PBA. Westside Investment Management Inc. increased its holdings in Pembina Pipeline by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after purchasing an additional 404 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in Pembina Pipeline by 441.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 750 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in Pembina Pipeline in the third quarter worth $40,000. Mather Group LLC. bought a new stake in shares of Pembina Pipeline during the third quarter worth $45,000. Finally, State of Wyoming bought a new stake in shares of Pembina Pipeline during the second quarter worth $58,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Pembina Pipeline Stock Down 0.2%

Shares of PBA opened at $44.52 on Thursday. The business’s fifty day moving average price is $41.59 and its two-hundred day moving average price is $39.62. The firm has a market capitalization of $25.87 billion, a price-to-earnings ratio of 23.43 and a beta of 0.68. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $45.09. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61.

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

Pembina Pipeline Announces Dividend

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 106.84%.

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.