39,996 Pembina Pipeline Corp. $PBA Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 15.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 291,102 shares of the pipeline company’s stock after acquiring an additional 39,996 shares during the period. Pictet Asset Management Holding SA owned about 0.05% of Pembina Pipeline worth $13,026,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Western Wealth Management LLC acquired a new stake in Pembina Pipeline in the 1st quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in Pembina Pipeline in the second quarter valued at approximately $31,000. N.E.W. Advisory Services LLC acquired a new position in Pembina Pipeline during the second quarter worth $31,000. Integrated Wealth Concepts LLC acquired a new position in Pembina Pipeline during the second quarter worth $33,000. Finally, Markowski Investments acquired a new position in Pembina Pipeline during the second quarter worth $54,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PBA has been the subject of a number of research reports. Canadian Imperial Bank of Commerce cut Pembina Pipeline from an “outperform” rating to a “hold” rating in a research note on Thursday, October 22nd. TD Securities reiterated a “buy” rating on shares of Pembina Pipeline in a report on Friday, October 16th. Weiss Ratings raised Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a report on Wednesday, October 14th. Finally, Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $50.00 on Friday. The firm has a market cap of $29.08 billion, a PE ratio of 22.89 and a beta of 0.59. Pembina Pipeline Corp. has a 52-week low of $36.20 and a 52-week high of $51.58. The company has a quick ratio of 0.59, a current ratio of 0.75 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $48.08 and its two-hundred day moving average is $46.79.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, November 5th. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.44 by $0.11. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Pembina Pipeline had a net margin of 24.77% and a return on equity of 12.60%. The firm’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. On average, research analysts expect that Pembina Pipeline Corp. will post 2.26 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 15th will be issued a C$0.73 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.94 dividend on an annualized basis and a yield of 5.9%. Pembina Pipeline’s dividend payout ratio (DPR) is 88.70%.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses. The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.