Federated Hermes Inc. Increases Stake in Pembina Pipeline Co. (NYSE:PBA)

Federated Hermes Inc. lifted its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 297,423 shares of the pipeline company’s stock after purchasing an additional 55,136 shares during the quarter. Federated Hermes Inc. owned about 0.05% of Pembina Pipeline worth $10,237,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PBA. CWM LLC grew its stake in shares of Pembina Pipeline by 23.2% during the 3rd quarter. CWM LLC now owns 2,938 shares of the pipeline company’s stock worth $88,000 after purchasing an additional 554 shares during the period. SG Americas Securities LLC grew its stake in shares of Pembina Pipeline by 456.7% during the 3rd quarter. SG Americas Securities LLC now owns 17,960 shares of the pipeline company’s stock worth $540,000 after purchasing an additional 14,734 shares during the period. Miller Howard Investments Inc. NY grew its stake in shares of Pembina Pipeline by 27.3% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 354,405 shares of the pipeline company’s stock worth $10,653,000 after purchasing an additional 75,970 shares during the period. DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of Pembina Pipeline by 4.2% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,963 shares of the pipeline company’s stock worth $905,000 after purchasing an additional 1,221 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Pembina Pipeline by 11,740.8% during the 3rd quarter. Lindbrook Capital LLC now owns 24,392 shares of the pipeline company’s stock worth $733,000 after purchasing an additional 24,186 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PBA. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, CIBC increased 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. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $35.50 on Wednesday. The stock has a market cap of $20.57 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 5.24 and a beta of 1.20. Pembina Pipeline Co. has a 52 week low of $28.15 and a 52 week high of $36.17. The company’s 50-day moving average price is $34.93 and its 200 day moving average price is $33.66. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion. As a group, research analysts forecast that Pembina Pipeline Co. will post 2.24 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.4944 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 89.14%.

Pembina Pipeline Company Profile

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.