Pembina Pipeline Corp. $PBA Shares Sold by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments lessened its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 46.7% in the fourth quarter, Holdings Channel reports. The firm owned 20,800 shares of the pipeline company’s stock after selling 18,200 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Pembina Pipeline were worth $794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in Pembina Pipeline in the first quarter valued at approximately $374,000. Focus Partners Wealth acquired a new stake in Pembina Pipeline in the first quarter valued at approximately $312,000. Marshall Wace LLP acquired a new stake in Pembina Pipeline in the second quarter valued at approximately $253,000. Cresset Asset Management LLC grew its position in Pembina Pipeline by 4.1% in the second quarter. Cresset Asset Management LLC now owns 13,684 shares of the pipeline company’s stock valued at $513,000 after acquiring an additional 534 shares in the last quarter. Finally, AXA S.A. grew its position in Pembina Pipeline by 17.5% in the second quarter. AXA S.A. now owns 23,418 shares of the pipeline company’s stock valued at $878,000 after acquiring an additional 3,488 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 0.5%

Shares of NYSE:PBA opened at $48.13 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $46.03 and a 200 day simple moving average of $42.73. The firm has a market cap of $27.98 billion, a PE ratio of 25.07 and a beta of 0.57. Pembina Pipeline Corp. has a 12-month low of $35.45 and a 12-month high of $50.10.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. On average, equities research analysts anticipate that Pembina Pipeline Corp. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.1%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.71. The ex-dividend date is Monday, June 15th. Pembina Pipeline’s payout ratio is presently 108.33%.

Analyst Ratings Changes

Several brokerages have issued reports on PBA. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, May 26th. Royal Bank Of Canada increased their price objective on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research report on Tuesday, May 26th. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

About Pembina Pipeline

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.