Swiss National Bank lifted its position in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,771,393 shares of the pipeline company’s stock after buying an additional 25,800 shares during the period. Swiss National Bank owned about 0.35% of Pembina Pipeline worth $65,091,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of PBA. Motco purchased a new stake in Pembina Pipeline during the first quarter valued at approximately $28,000. Parallel Advisors LLC increased its holdings in Pembina Pipeline by 350.0% during the first quarter. Parallel Advisors LLC now owns 810 shares of the pipeline company’s stock valued at $29,000 after buying an additional 630 shares during the last quarter. Phocas Financial Corp. purchased a new stake in Pembina Pipeline during the fourth quarter valued at approximately $28,000. Bremer Trust National Association purchased a new stake in Pembina Pipeline during the fourth quarter valued at approximately $32,000. Finally, Bremer Bank National Association purchased a new stake in Pembina Pipeline during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 51.77% of the company’s stock.
Shares of NYSE PBA traded up $0.18 during midday trading on Wednesday, reaching $36.59. The stock had a trading volume of 563,400 shares, compared to its average volume of 586,238. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.50. The business’s 50-day simple moving average is $36.10. Pembina Pipeline Corp has a 12-month low of $28.30 and a 12-month high of $37.93. The company has a market cap of $18.80 billion, a P/E ratio of 20.67, a price-to-earnings-growth ratio of 4.36 and a beta of 0.82.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.04). Pembina Pipeline had a return on equity of 10.61% and a net margin of 16.39%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the company posted $0.54 EPS. Pembina Pipeline’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Pembina Pipeline Corp will post 1.69 earnings per share for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Tuesday, June 25th will be given a dividend of $0.148 per share. The ex-dividend date of this dividend is Monday, June 24th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.85%. Pembina Pipeline’s dividend payout ratio is 100.56%.
Separately, Zacks Investment Research cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Pembina Pipeline currently has an average rating of “Buy” and a consensus price target of $40.00.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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