PFG Investments LLC Takes $457,000 Position in Pembina Pipeline Co. (NYSE:PBA)

PFG Investments LLC bought a new stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,927 shares of the pipeline company’s stock, valued at approximately $457,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Federated Hermes Inc. boosted its stake in shares of Pembina Pipeline by 22.8% in the fourth quarter. Federated Hermes Inc. now owns 297,423 shares of the pipeline company’s stock valued at $10,237,000 after purchasing an additional 55,136 shares during the period. Triasima Portfolio Management inc. bought a new position in Pembina Pipeline during the 4th quarter valued at $17,285,000. Intact Investment Management Inc. boosted its stake in Pembina Pipeline by 48.4% during the 4th quarter. Intact Investment Management Inc. now owns 925,064 shares of the pipeline company’s stock valued at $31,850,000 after acquiring an additional 301,700 shares during the last quarter. Legal & General Group Plc boosted its stake in Pembina Pipeline by 3.8% during the 3rd quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company’s stock valued at $147,430,000 after acquiring an additional 180,798 shares during the last quarter. Finally, Baskin Financial Services Inc. boosted its stake in Pembina Pipeline by 5.0% during the 4th quarter. Baskin Financial Services Inc. now owns 196,108 shares of the pipeline company’s stock valued at $6,749,000 after acquiring an additional 9,306 shares during the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on PBA shares. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. CIBC raised their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday, April 19th. Finally, StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Stock Performance

Shares of PBA stock traded down $0.88 during trading hours on Tuesday, reaching $35.20. The stock had a trading volume of 803,280 shares, compared to its average volume of 1,038,860. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. Pembina Pipeline Co. has a twelve month low of $28.15 and a twelve month high of $36.17. The firm has a 50-day simple moving average of $35.11 and a 200-day simple moving average of $33.85. The firm has a market capitalization of $20.40 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 5.33 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion. As a group, equities analysts forecast that Pembina Pipeline Co. will post 2.24 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.4944 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is 89.14%.

About Pembina Pipeline

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.