Duff & Phelps Investment Management Co. Raises Holdings in Pembina Pipeline Co. (NYSE:PBA)

Duff & Phelps Investment Management Co. increased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 44.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,556,638 shares of the pipeline company’s stock after acquiring an additional 482,067 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Pembina Pipeline were worth $53,850,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bridgewealth Advisory Group LLC bought a new stake in Pembina Pipeline during the fourth quarter worth about $220,000. Intact Investment Management Inc. lifted its stake in shares of Pembina Pipeline by 48.4% in the fourth quarter. Intact Investment Management Inc. now owns 925,064 shares of the pipeline company’s stock worth $31,850,000 after buying an additional 301,700 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Pembina Pipeline by 6.0% in the 4th quarter. Russell Investments Group Ltd. now owns 764,136 shares of the pipeline company’s stock worth $26,434,000 after buying an additional 43,044 shares in the last quarter. K.J. Harrison & Partners Inc raised its stake in Pembina Pipeline by 39.0% during the 4th quarter. K.J. Harrison & Partners Inc now owns 43,935 shares of the pipeline company’s stock valued at $1,515,000 after buying an additional 12,335 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Pembina Pipeline by 31.5% in the fourth quarter. Jennison Associates LLC now owns 629,049 shares of the pipeline company’s stock worth $21,653,000 after buying an additional 150,550 shares during the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Down 1.6 %

Shares of PBA traded down $0.58 during mid-day trading on Tuesday, reaching $35.50. The stock had a trading volume of 215,230 shares, compared to its average volume of 1,031,709. The firm has a market cap of $20.57 billion, a price-to-earnings ratio of 16.33, a P/E/G ratio of 5.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The business’s fifty day moving average is $35.08 and its 200 day moving average is $33.82. Pembina Pipeline Co. has a 52-week low of $28.15 and a 52-week high of $36.17.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, sell-side analysts predict that Pembina Pipeline Co. will post 2.24 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.4944 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio is presently 89.14%.

Wall Street Analysts Forecast Growth

PBA has been the topic of several research reports. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. CIBC raised their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the stock 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 research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.