Sumitomo Mitsui Trust Holdings Inc. Sells 10,297 Shares of Pembina Pipeline Co. (NYSE:PBA)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,254,583 shares of the pipeline company’s stock after selling 10,297 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.23% of Pembina Pipeline worth $43,298,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Triasima Portfolio Management inc. acquired a new stake in Pembina Pipeline in the fourth quarter valued at approximately $17,285,000. Baystate Wealth Management LLC acquired a new stake in Pembina Pipeline in the fourth quarter valued at approximately $34,000. Cerity Partners LLC boosted its stake in Pembina Pipeline by 58.1% in the fourth quarter. Cerity Partners LLC now owns 17,240 shares of the pipeline company’s stock valued at $593,000 after acquiring an additional 6,333 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in Pembina Pipeline by 10.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,010 shares of the pipeline company’s stock valued at $413,000 after acquiring an additional 1,137 shares in the last quarter. Finally, Miller Howard Investments Inc. NY boosted its stake in Pembina Pipeline by 1.6% in the fourth quarter. Miller Howard Investments Inc. NY now owns 360,162 shares of the pipeline company’s stock valued at $12,397,000 after acquiring an additional 5,757 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Trading Up 1.7 %

NYSE:PBA opened at $34.87 on Friday. Pembina Pipeline Co. has a 12 month low of $28.15 and a 12 month high of $36.17. The firm has a fifty day simple moving average of $34.86 and a 200-day simple moving average of $33.50. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $20.21 billion, a P/E ratio of 15.78, a PEG ratio of 5.13 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its 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 firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, equities research analysts anticipate that Pembina Pipeline Co. will post 2.23 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.4944 per share. This represents a $1.98 annualized dividend and a dividend yield of 5.67%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is 89.14%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PBA. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, CIBC lifted their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.00.

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.