Danske Bank A S Makes New Investment in Pembina Pipeline Corp. $PBA

Danske Bank A S acquired a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,526 shares of the pipeline company’s stock, valued at approximately $592,000.

A number of other institutional investors have also added to or reduced their stakes in PBA. AQR Capital Management LLC bought a new stake in Pembina Pipeline in the 1st quarter worth about $374,000. Focus Partners Wealth bought a new stake in Pembina Pipeline in the 1st quarter worth about $312,000. Marshall Wace LLP bought a new stake in Pembina Pipeline in the 2nd quarter worth about $253,000. Cresset Asset Management LLC grew its position in Pembina Pipeline by 4.1% in the 2nd quarter. Cresset Asset Management LLC now owns 13,684 shares of the pipeline company’s stock worth $513,000 after purchasing an additional 534 shares in the last quarter. Finally, AXA S.A. grew its position in Pembina Pipeline by 17.5% in the 2nd quarter. AXA S.A. now owns 23,418 shares of the pipeline company’s stock worth $878,000 after purchasing an additional 3,488 shares in the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Down 0.6%

NYSE:PBA opened at $46.28 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $26.90 billion, a PE ratio of 24.36 and a beta of 0.58. The firm’s 50 day moving average is $44.35 and its 200 day moving average is $40.97. Pembina Pipeline Corp. has a 12 month low of $35.45 and a 12 month high of $46.73.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. Pembina Pipeline’s revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Sell-side analysts expect that Pembina Pipeline Corp. will post 2.18 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, March 16th. Pembina Pipeline’s payout ratio is 109.47%.

Analyst Ratings Changes

A number of brokerages have issued reports on PBA. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research report on Wednesday, April 8th. Weiss Ratings raised shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Wall Street Zen cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Pembina Pipeline from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.