Pembina Pipeline Co. (NYSE:PBA) is Susquehanna Portfolio Strategies LLC’s 6th Largest Position

Susquehanna Portfolio Strategies LLC lessened its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 60.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,400 shares of the pipeline company’s stock after selling 72,100 shares during the period. Pembina Pipeline makes up about 5.9% of Susquehanna Portfolio Strategies LLC’s holdings, making the stock its 6th biggest holding. Susquehanna Portfolio Strategies LLC’s holdings in Pembina Pipeline were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Barclays PLC lifted its holdings in shares of Pembina Pipeline by 86.5% in the 3rd quarter. Barclays PLC now owns 53,970 shares of the pipeline company’s stock worth $2,226,000 after acquiring an additional 25,031 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Pembina Pipeline by 11.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock worth $108,000 after acquiring an additional 308 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Pembina Pipeline by 24.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 33,622 shares of the pipeline company’s stock worth $1,242,000 after acquiring an additional 6,514 shares during the last quarter. Cardinal Capital Management Inc. lifted its holdings in shares of Pembina Pipeline by 1.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 2,920,900 shares of the pipeline company’s stock worth $107,675,000 after acquiring an additional 37,595 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Pembina Pipeline Trading Up 0.1%

Shares of PBA opened at $37.64 on Friday. The firm has a 50 day moving average price of $38.31 and a 200-day moving average price of $38.28. Pembina Pipeline Co. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 15.56 and a beta of 0.81.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.23. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm’s revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 EPS. As a group, equities research analysts forecast that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.5109 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 annualized dividend and a yield of 5.43%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio is presently 89.14%.

Pembina Pipeline Company Profile

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.