UBS Group AG Buys 194,129 Shares of Pembina Pipeline Corp. $PBA

UBS Group AG increased its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 17.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,330,969 shares of the pipeline company’s stock after acquiring an additional 194,129 shares during the period. UBS Group AG’s holdings in Pembina Pipeline were worth $50,657,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PBA. AQR Capital Management LLC bought a new position in Pembina Pipeline in the first quarter worth about $374,000. Focus Partners Wealth bought a new position in Pembina Pipeline in the first quarter worth about $312,000. Marshall Wace LLP bought a new position in Pembina Pipeline in the second quarter worth about $253,000. Cresset Asset Management LLC increased its stake in shares of Pembina Pipeline by 4.1% during the second quarter. Cresset Asset Management LLC now owns 13,684 shares of the pipeline company’s stock valued at $513,000 after purchasing an additional 534 shares in the last quarter. Finally, AXA S.A. increased its stake in shares of Pembina Pipeline by 17.5% during the second quarter. AXA S.A. now owns 23,418 shares of the pipeline company’s stock valued at $878,000 after purchasing an additional 3,488 shares in the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Down 0.6%

NYSE:PBA opened at $46.28 on Wednesday. The company’s 50 day moving average price is $44.35 and its 200-day moving average price is $40.97. Pembina Pipeline Corp. has a 52 week low of $35.45 and a 52 week high of $46.73. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The stock has a market cap of $26.90 billion, a price-to-earnings ratio of 24.36 and a beta of 0.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. On average, equities research analysts forecast that Pembina Pipeline Corp. will post 2.18 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.71 per share. The ex-dividend date was Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.1%. Pembina Pipeline’s dividend payout ratio is presently 109.47%.

Analyst Ratings Changes

PBA has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. TD Securities reaffirmed a “hold” rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings raised shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Hold” and an average price target of $60.00.

About Pembina Pipeline

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.