Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. raised its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 15.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,682 shares of the pipeline company’s stock after purchasing an additional 1,800 shares during the period. Letko Brosseau & Associates Inc.’s holdings in Pembina Pipeline were worth $505,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in Pembina Pipeline in the fourth quarter valued at $27,000. Eastern Bank acquired a new stake in Pembina Pipeline in the fourth quarter valued at $29,000. Principal Securities Inc. grew its holdings in Pembina Pipeline by 2,597.1% in the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 883 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Pembina Pipeline by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 880 shares during the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in Pembina Pipeline in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average price target of $56.00.

Pembina Pipeline Price Performance

Shares of PBA opened at $37.41 on Monday. The company has a market cap of $21.73 billion, a P/E ratio of 15.46 and a beta of 0.81. The stock has a fifty day moving average price of $38.38 and a 200 day moving average price of $38.42. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline Co. has a 12 month low of $34.13 and a 12 month high of $43.44.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.23. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The firm’s revenue was up 48.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. On average, research analysts forecast that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.5109 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.46%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline’s dividend payout ratio (DPR) is 89.14%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.