BLI Banque de Luxembourg Investments Trims Holdings in Pembina Pipeline Corp. $PBA

BLI Banque de Luxembourg Investments trimmed its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its holdings in Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after purchasing an additional 259 shares in the last quarter. Ethic Inc. lifted its holdings in Pembina Pipeline by 2.0% in the 4th quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock valued at $539,000 after purchasing an additional 278 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of Pembina Pipeline by 0.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 56,339 shares of the pipeline company’s stock worth $2,278,000 after acquiring an additional 335 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Pembina Pipeline by 1.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,014 shares of the pipeline company’s stock worth $800,000 after acquiring an additional 386 shares during the period. Finally, RNC Capital Management LLC lifted its holdings in shares of Pembina Pipeline by 1.7% during the 4th quarter. RNC Capital Management LLC now owns 24,542 shares of the pipeline company’s stock worth $934,000 after acquiring an additional 413 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PBA shares. JPMorgan Chase & Co. increased their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Royal Bank Of Canada increased their price objective on shares of Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 26th. Finally, Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of $62.67.

Pembina Pipeline Trading Down 0.5%

Shares of PBA stock opened at $48.13 on Wednesday. The firm’s 50-day simple moving average is $46.03 and its 200-day simple moving average is $42.73. The firm has a market cap of $27.98 billion, a P/E ratio of 25.07 and a beta of 0.57. Pembina Pipeline Corp. has a 1-year low of $35.45 and a 1-year high of $50.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its 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 firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. The company’s revenue was down 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, equities analysts forecast that Pembina Pipeline Corp. will post 2.28 EPS for the current year.

Pembina Pipeline Increases Dividend

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

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.