Intech Investment Management LLC Sells 16,832 Shares of Pembina Pipeline Corp. $PBA

Intech Investment Management LLC lessened its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 38.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,727 shares of the pipeline company’s stock after selling 16,832 shares during the period. Intech Investment Management LLC’s holdings in Pembina Pipeline were worth $1,020,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PBA. Caitong International Asset Management Co. Ltd bought a new stake in Pembina Pipeline in the third quarter worth $31,000. Larson Financial Group LLC increased its position in Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 259 shares during the last quarter. IFP Advisors Inc increased its position in Pembina Pipeline by 74.8% in the fourth quarter. IFP Advisors Inc now owns 1,199 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 513 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in Pembina Pipeline in the third quarter worth $46,000. Finally, State of Wyoming bought a new stake in Pembina Pipeline in the second quarter worth $58,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 0.1%

NYSE PBA opened at $48.85 on Monday. The company’s 50-day moving average price is $45.93 and its 200-day moving average price is $42.60. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The stock has a market cap of $28.40 billion, a PE ratio of 25.44 and a beta of 0.57. Pembina Pipeline Corp. has a 12 month low of $35.45 and a 12 month high of $50.10.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $1.11 billion for 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 for the quarter was down 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. Equities research analysts forecast that Pembina Pipeline Corp. will post 2.28 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.735 dividend. The ex-dividend date is Monday, June 15th. This is a boost 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%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 108.33%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. Royal Bank Of Canada boosted their price objective on shares of Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

Pembina Pipeline Profile

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.