Capital World Investors Has $1.93 Million Stock Position in Pembina Pipeline Corp. $PBA

Capital World Investors lowered its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 20.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,709 shares of the pipeline company’s stock after selling 12,915 shares during the period. Capital World Investors’ holdings in Pembina Pipeline were worth $1,932,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Pembina Pipeline by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 27,233,442 shares of the pipeline company’s stock valued at $1,037,512,000 after purchasing an additional 541,615 shares during the period. CIBC Asset Management Inc raised its holdings in shares of Pembina Pipeline by 17.8% during the fourth quarter. CIBC Asset Management Inc now owns 8,620,307 shares of the pipeline company’s stock valued at $329,245,000 after purchasing an additional 1,304,227 shares during the period. TD Asset Management Inc raised its holdings in shares of Pembina Pipeline by 3.9% during the third quarter. TD Asset Management Inc now owns 7,582,203 shares of the pipeline company’s stock valued at $306,634,000 after purchasing an additional 283,513 shares during the period. Scotia Capital Inc. raised its holdings in shares of Pembina Pipeline by 12.6% during the third quarter. Scotia Capital Inc. now owns 6,425,487 shares of the pipeline company’s stock valued at $258,724,000 after purchasing an additional 717,773 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Pembina Pipeline by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 5,781,068 shares of the pipeline company’s stock valued at $224,837,000 after purchasing an additional 385,201 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 1.7%

Shares of NYSE PBA opened at $48.92 on Thursday. The stock has a market capitalization of $28.44 billion, a P/E ratio of 25.48 and a beta of 0.57. The company has a 50-day moving average price of $46.10 and a 200-day moving average price of $42.80. 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 issued its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. On average, equities research analysts forecast that Pembina Pipeline Corp. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.735 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Monday, June 15th. Pembina Pipeline’s dividend payout ratio is 108.33%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PBA. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. JPMorgan Chase & Co. upped their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, March 19th. Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings upgraded shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.67.

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.