Metis Global Partners LLC Purchases 1,240 Shares of Pembina Pipeline Co. (NYSE:PBA)

Metis Global Partners LLC raised its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,926 shares of the pipeline company’s stock after buying an additional 1,240 shares during the period. Metis Global Partners LLC’s holdings in Pembina Pipeline were worth $1,547,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PBA. Baystate Wealth Management LLC purchased a new stake in Pembina Pipeline during the fourth quarter valued at approximately $34,000. First Horizon Advisors Inc. increased its position in shares of Pembina Pipeline by 303.7% during the fourth quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 1,142 shares in the last quarter. Rational Advisors LLC purchased a new stake in shares of Pembina Pipeline during the 3rd quarter valued at $59,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Pembina Pipeline by 22.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after purchasing an additional 329 shares in the last quarter. Finally, Pacifica Partners Inc. grew its stake in Pembina Pipeline by 159.0% during the 4th quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock worth $68,000 after buying an additional 1,240 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Pembina Pipeline Trading Up 0.4 %

NYSE PBA opened at $36.03 on Wednesday. Pembina Pipeline Co. has a 1 year low of $28.15 and a 1 year 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. The company has a market capitalization of $20.88 billion, a PE ratio of 16.30, a P/E/G ratio of 5.28 and a beta of 1.20. The company has a fifty day moving average of $35.20 and a 200 day moving average of $34.02.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.34. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. Research 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 declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.4944 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 annualized dividend and a dividend yield of 5.49%. Pembina Pipeline’s payout ratio is presently 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.