One Capital Management LLC Makes New Investment in Pembina Pipeline Corp. $PBA

One Capital Management LLC acquired a new position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,915 shares of the pipeline company’s stock, valued at approximately $415,000.

Other large investors have also recently bought and sold shares of the company. Cardinal Capital Management Inc. raised its position in shares of Pembina Pipeline by 10.0% during the 4th quarter. Cardinal Capital Management Inc. now owns 3,274,336 shares of the pipeline company’s stock valued at $124,621,000 after acquiring an additional 298,412 shares during the last quarter. Varma Mutual Pension Insurance Co raised its position in shares of Pembina Pipeline by 8.6% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 309,779 shares of the pipeline company’s stock valued at $12,528,000 after acquiring an additional 24,400 shares during the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Pembina Pipeline by 2.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,703,413 shares of the pipeline company’s stock valued at $64,798,000 after acquiring an additional 40,944 shares during the last quarter. Fiera Capital Corp raised its position in shares of Pembina Pipeline by 12.6% during the 3rd quarter. Fiera Capital Corp now owns 1,073,818 shares of the pipeline company’s stock valued at $43,402,000 after acquiring an additional 120,272 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Pembina Pipeline by 96.3% during the 3rd quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company’s stock valued at $8,775,000 after acquiring an additional 106,419 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

PBA opened at $49.27 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.84. Pembina Pipeline Corp. has a 12 month low of $35.45 and a 12 month high of $50.10. The company has a fifty day simple moving average of $45.86 and a 200 day simple moving average of $42.53. The stock has a market cap of $28.65 billion, a P/E ratio of 25.66 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. On average, research analysts expect that Pembina Pipeline Corp. will post 2.28 EPS for the current year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.735 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.0%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s dividend payout ratio is currently 108.33%.

Analyst Ratings Changes

PBA has been the subject of several recent research reports. TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Tuesday, May 26th. Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price 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. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average price target of $62.67.

Pembina Pipeline Company 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.