Pembina Pipeline Co. (NYSE:PBA) Stock Position Increased by UBS Group AG

UBS Group AG lifted its position in Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) by 11.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 339,238 shares of the pipeline company’s stock after buying an additional 35,590 shares during the period. UBS Group AG owned approximately 0.06% of Pembina Pipeline worth $11,517,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pictet Asset Management SA boosted its holdings in Pembina Pipeline by 15.2% during the third quarter. Pictet Asset Management SA now owns 286,670 shares of the pipeline company’s stock worth $8,754,000 after buying an additional 37,900 shares in the last quarter. Maryland State Retirement & Pension System acquired a new stake in Pembina Pipeline during the 4th quarter worth about $6,518,000. Russell Investments Group Ltd. raised its holdings in Pembina Pipeline by 6.4% during the 4th quarter. Russell Investments Group Ltd. now owns 1,952,614 shares of the pipeline company’s stock worth $66,233,000 after buying an additional 117,747 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Pembina Pipeline by 7.6% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 17,108 shares of the pipeline company’s stock worth $520,000 after buying an additional 1,203 shares during the period. Finally, Old North State Trust LLC raised its holdings in Pembina Pipeline by 96,400.0% during the 3rd quarter. Old North State Trust LLC now owns 5,790 shares of the pipeline company’s stock worth $176,000 after buying an additional 5,784 shares during the period. 55.08% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Up 0.1 %

Shares of Pembina Pipeline stock opened at $31.14 on Tuesday. The firm has a market cap of $17.14 billion, a price-to-earnings ratio of 8.28, a P/E/G ratio of 4.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.46 and a quick ratio of 0.39. Pembina Pipeline Co. has a 52-week low of $29.59 and a 52-week high of $42.74. The stock has a 50-day simple moving average of $32.18 and a 200-day simple moving average of $33.67.

Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last posted its earnings results on Thursday, February 23rd. The pipeline company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.23). The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a return on equity of 14.59% and a net margin of 26.15%. On average, equities research analysts expect that Pembina Pipeline Co. will post 2.08 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.493 per share. This represents a $1.97 annualized dividend and a yield of 6.33%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 14th. Pembina Pipeline’s dividend payout ratio is presently 50.80%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PBA. Scotiabank raised their target price on Pembina Pipeline from C$50.00 to C$51.00 in a research report on Monday, February 27th. StockNews.com began coverage on Pembina Pipeline in a research report on Thursday, May 18th. They issued a “hold” rating for the company. National Bank Financial upped their price objective on shares of Pembina Pipeline from C$46.00 to C$47.00 in a research note on Friday, January 27th. CIBC upped their price objective on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Monday, February 27th. Finally, Credit Suisse Group dropped their price objective on shares of Pembina Pipeline from C$54.00 to C$53.00 in a research note on Wednesday, April 5th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $50.20.

Pembina Pipeline Profile

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Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure.