Van ECK Associates Corp Sells 4,706 Shares of Pembina Pipeline Co. (NYSE:PBA)

Van ECK Associates Corp trimmed its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 178,690 shares of the pipeline company’s stock after selling 4,706 shares during the quarter. Van ECK Associates Corp’s holdings in Pembina Pipeline were worth $6,151,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Baystate Wealth Management LLC bought a new stake in Pembina Pipeline in the 4th quarter worth about $34,000. Rational Advisors LLC purchased a new position in shares of Pembina Pipeline during the 3rd quarter valued at about $59,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Pembina Pipeline by 22.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after buying an additional 329 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in Pembina Pipeline by 159.0% in the 4th quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 1,240 shares in the last quarter. Finally, NBC Securities Inc. purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $136,000. 55.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PBA. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. CIBC boosted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research report on Friday, April 19th. Finally, TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $35.51 on Friday. The stock’s fifty day moving average is $35.16 and its two-hundred day moving average is $33.90. The company has a market capitalization of $20.58 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 5.28 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. Pembina Pipeline Co. has a 52 week low of $28.15 and a 52 week high of $36.17.

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

Pembina Pipeline Increases Dividend

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

About Pembina Pipeline

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.