Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 23.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,190 shares of the pipeline company’s stock after selling 2,163 shares during the period. Bleakley Financial Group LLC’s holdings in Pembina Pipeline were worth $247,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PBA. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Pembina Pipeline by 1.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock valued at $1,143,000 after purchasing an additional 438 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Pembina Pipeline by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 575,920 shares of the pipeline company’s stock valued at $21,655,000 after purchasing an additional 3,604 shares during the period. American Century Companies Inc. lifted its stake in shares of Pembina Pipeline by 53.4% in the 1st quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company’s stock valued at $1,492,000 after purchasing an additional 13,820 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Pembina Pipeline by 8.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 17,446 shares of the pipeline company’s stock valued at $656,000 after purchasing an additional 1,420 shares during the period. Finally, HighTower Advisors LLC lifted its stake in shares of Pembina Pipeline by 20.3% in the 1st quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company’s stock valued at $1,478,000 after purchasing an additional 6,629 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.33.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $34.48 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82. The company has a fifty day moving average of $34.80 and a two-hundred day moving average of $33.42. The stock has a market capitalization of $19.98 billion, a PE ratio of 15.60, a P/E/G ratio of 5.08 and a beta of 1.20. Pembina Pipeline Co. has a fifty-two week low of $28.15 and a fifty-two week high of $36.17.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, research analysts forecast that Pembina Pipeline Co. will post 2.28 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.74%. Pembina Pipeline’s dividend payout ratio is presently 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.