Bridgewealth Advisory Group LLC Takes Position in Pembina Pipeline Co. (NYSE:PBA)

Bridgewealth Advisory Group LLC acquired a new stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,399 shares of the pipeline company’s stock, valued at approximately $220,000.

A number of other hedge funds have also modified their holdings of PBA. Massmutual Trust Co. FSB ADV lifted its position in Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after buying an additional 329 shares in the last quarter. Advisor Partners II LLC lifted its position in Pembina Pipeline by 4.2% during the third quarter. Advisor Partners II LLC now owns 10,697 shares of the pipeline company’s stock worth $322,000 after buying an additional 431 shares in the last quarter. Teamwork Financial Advisors LLC lifted its position in Pembina Pipeline by 5.3% during the third quarter. Teamwork Financial Advisors LLC now owns 9,129 shares of the pipeline company’s stock worth $274,000 after buying an additional 462 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Pembina Pipeline by 3.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 15,872 shares of the pipeline company’s stock worth $549,000 after acquiring an additional 547 shares during the last quarter. Finally, Gulf International Bank UK Ltd grew its stake in shares of Pembina Pipeline by 15.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 3,999 shares of the pipeline company’s stock valued at $137,000 after buying an additional 550 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Trading Up 0.2 %

NYSE PBA traded up $0.06 on Monday, hitting $35.88. 101,834 shares of the stock were exchanged, compared to its average volume of 1,029,755. The company’s 50-day moving average price is $35.04 and its two-hundred day moving average price is $33.78. The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 5.33 and a beta of 1.20. Pembina Pipeline Co. has a 52-week low of $28.15 and a 52-week high of $36.17. 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 (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. Research analysts predict that Pembina Pipeline Co. will post 2.24 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.4944 dividend. This represents a $1.98 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s payout ratio is presently 89.14%.

Analyst Upgrades and Downgrades

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

Pembina Pipeline 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.