Pembina Pipeline Corp. $PBA Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. decreased its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 884,716 shares of the pipeline company’s stock after selling 76,573 shares during the quarter. Pembina Pipeline accounts for approximately 0.9% of Mufg Securities Canada LTD.’s holdings, making the stock its 29th largest position. Mufg Securities Canada LTD.’s holdings in Pembina Pipeline were worth $33,713,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PBA. Caitong International Asset Management Co. Ltd acquired a new position in shares of Pembina Pipeline in the 3rd quarter worth approximately $31,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Pembina Pipeline in the 4th quarter worth approximately $36,000. Larson Financial Group LLC grew its position in shares of Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after acquiring an additional 259 shares in the last quarter. IFP Advisors Inc boosted its position in Pembina Pipeline by 74.8% during the 4th quarter. IFP Advisors Inc now owns 1,199 shares of the pipeline company’s stock valued at $46,000 after purchasing an additional 513 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in Pembina Pipeline during the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 0.0%

NYSE:PBA opened at $48.33 on Monday. Pembina Pipeline Corp. has a 12-month low of $35.45 and a 12-month high of $50.10. The firm has a market capitalization of $28.10 billion, a P/E ratio of 25.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. The business has a 50 day simple moving average of $46.27 and a 200 day simple moving average of $42.95.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly 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. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Equities research analysts predict that Pembina Pipeline Corp. will post 2.28 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 is Monday, June 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.1%. Pembina Pipeline’s payout ratio is presently 108.33%.

Wall Street Analysts Forecast Growth

PBA has been the subject of a number of analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research report on Tuesday, May 26th. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Royal Bank Of Canada boosted their price objective on Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Barclays restated an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. 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. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average price target 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.