Northwestern Mutual Wealth Management Co. Makes New Investment in Pembina Pipeline Corp. $PBA

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,896 shares of the pipeline company’s stock, valued at approximately $596,000.

A number of other large investors have also recently modified their holdings of the company. Empowered Funds LLC grew its stake in Pembina Pipeline by 1.0% in the fourth quarter. Empowered Funds LLC now owns 24,449 shares of the pipeline company’s stock worth $931,000 after purchasing an additional 248 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after buying an additional 259 shares during the period. Ethic Inc. lifted its holdings in shares of Pembina Pipeline by 2.0% in the 4th quarter. Ethic Inc. now owns 14,150 shares of the pipeline company’s stock worth $539,000 after buying an additional 278 shares during the period. Broderick Brian C grew its position in shares of Pembina Pipeline by 0.9% during the 1st quarter. Broderick Brian C now owns 32,823 shares of the pipeline company’s stock worth $1,469,000 after buying an additional 300 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in shares of Pembina Pipeline by 3.6% during the 4th quarter. Brown Brothers Harriman & Co. now owns 9,768 shares of the pipeline company’s stock worth $372,000 after buying an additional 341 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 1.1%

NYSE PBA opened at $48.61 on Thursday. Pembina Pipeline Corp. has a 52 week low of $36.20 and a 52 week high of $51.58. The company has a 50 day moving average price of $48.51 and a 200 day moving average price of $46.54. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. The firm has a market cap of $28.27 billion, a PE ratio of 23.83 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate 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%.Pembina Pipeline’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. As a group, sell-side analysts forecast that Pembina Pipeline Corp. will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 6.0%. The ex-dividend date is Tuesday, September 15th. Pembina Pipeline’s payout ratio is 104.41%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Securities reaffirmed a “buy” rating on shares of Pembina Pipeline in a research note on Thursday, July 16th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Pembina Pipeline in a report on Friday, July 3rd. Royal Bank Of Canada upped their price target on shares of Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Weiss Ratings lowered shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 18th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.