UniSuper Management Pty Ltd Sells 320,327 Shares of Pembina Pipeline Corp. $PBA

UniSuper Management Pty Ltd lowered its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 26.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 876,342 shares of the pipeline company’s stock after selling 320,327 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Pembina Pipeline were worth $35,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Tectonic Advisors LLC raised its stake in Pembina Pipeline by 64.6% during the 2nd quarter. Tectonic Advisors LLC now owns 26,479 shares of the pipeline company’s stock worth $993,000 after acquiring an additional 10,390 shares during the period. Quantbot Technologies LP boosted its position in shares of Pembina Pipeline by 66.3% in the second quarter. Quantbot Technologies LP now owns 76,566 shares of the pipeline company’s stock worth $2,872,000 after purchasing an additional 30,523 shares during the period. First Trust Advisors LP increased its stake in shares of Pembina Pipeline by 411.1% in the second quarter. First Trust Advisors LP now owns 1,247,976 shares of the pipeline company’s stock worth $46,820,000 after purchasing an additional 1,003,819 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Pembina Pipeline by 14.1% in the second quarter. Westwood Holdings Group Inc. now owns 1,629,929 shares of the pipeline company’s stock worth $61,139,000 after purchasing an additional 201,096 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Pembina Pipeline during the 2nd quarter valued at $1,658,000. Institutional investors own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on PBA. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. TD Securities decreased their price target on Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a research note on Monday, December 29th. Finally, Zacks Research cut Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $40.53 on Friday. The company has a market cap of $23.55 billion, a P/E ratio of 20.26 and a beta of 0.66. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $42.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.53. The firm’s fifty day moving average is $38.27 and its two-hundred day moving average is $38.13.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.14). The company had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.60 EPS. As a group, analysts anticipate that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 7.0%. The ex-dividend date was Monday, December 15th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 101.50%.

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.