Deutsche Bank AG Takes $262.23 Million Position in Pembina Pipeline Corp. $PBA

Deutsche Bank AG purchased a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the second quarter, HoldingsChannel reports. The firm purchased 5,669,902 shares of the pipeline company’s stock, valued at approximately $262,233,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Pembina Pipeline in the 4th quarter valued at about $213,701,000. BCV Asset Management Inc. purchased a new position in shares of Pembina Pipeline during the fourth quarter worth approximately $61,412,000. Morgan Stanley raised its stake in shares of Pembina Pipeline by 45.4% during the fourth quarter. Morgan Stanley now owns 4,723,159 shares of the pipeline company’s stock valued at $179,763,000 after acquiring an additional 1,475,320 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Pembina Pipeline during the second quarter valued at approximately $52,514,000. Finally, CIBC Asset Management Inc boosted its holdings in shares of Pembina Pipeline by 17.8% in the fourth quarter. CIBC Asset Management Inc now owns 8,620,307 shares of the pipeline company’s stock valued at $329,245,000 after purchasing an additional 1,304,227 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $49.35 on Wednesday. The company has a market capitalization of $28.70 billion, a PE ratio of 24.19 and a beta of 0.57. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62. The company has a 50-day simple moving average of $48.41 and a two-hundred day simple moving average of $46.25. Pembina Pipeline Corp. has a one year low of $36.20 and a one year high of $51.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. Research analysts expect that Pembina Pipeline Corp. will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.0%. Pembina Pipeline’s dividend payout ratio is presently 102.45%.

Analyst Ratings Changes

Several research analysts have commented on PBA shares. Weiss Ratings upgraded Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Scotiabank downgraded Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Finally, Royal Bank Of Canada upped their price objective on shares of Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.00.

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.