Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 350,000 shares of the pipeline company’s stock, valued at approximately $8,279,000. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.06% of Pembina Pipeline as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its stake in Pembina Pipeline by 39.8% in the 3rd quarter. US Bancorp DE now owns 1,755 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 500 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of Pembina Pipeline by 70.1% during the third quarter. Allianz Asset Management GmbH now owns 189,438 shares of the pipeline company’s stock worth $4,008,000 after purchasing an additional 78,101 shares during the period. Morgan Stanley grew its position in Pembina Pipeline by 37.8% during the third quarter. Morgan Stanley now owns 1,000,932 shares of the pipeline company’s stock valued at $21,250,000 after purchasing an additional 274,413 shares in the last quarter. Eudaimonia Partners LLC increased its stake in Pembina Pipeline by 49.9% in the 3rd quarter. Eudaimonia Partners LLC now owns 2,584 shares of the pipeline company’s stock valued at $55,000 after buying an additional 860 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in Pembina Pipeline by 353.3% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 69,874 shares of the pipeline company’s stock worth $1,483,000 after buying an additional 54,459 shares in the last quarter. 54.95% of the stock is owned by institutional investors and hedge funds.
PBA has been the topic of several research analyst reports. Canaccord Genuity restated a “buy” rating on shares of Pembina Pipeline in a report on Monday, March 15th. BMO Capital Markets increased their price target on shares of Pembina Pipeline from $35.00 to $37.00 and gave the stock a “market perform” rating in a research note on Friday, February 26th. Credit Suisse Group lifted their price objective on shares of Pembina Pipeline from $40.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, January 27th. Stifel Nicolaus increased their target price on shares of Pembina Pipeline from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, January 22nd. Finally, National Bank Financial reaffirmed a “sector perform” rating on shares of Pembina Pipeline in a report on Wednesday, January 27th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.00.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, February 25th. The pipeline company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The firm had revenue of $1.30 billion during the quarter. Pembina Pipeline had a net margin of 16.40% and a return on equity of 7.37%. On average, analysts expect that Pembina Pipeline Co. will post 1.56 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be paid a dividend of $0.1658 per share. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.16. The ex-dividend date is Wednesday, March 24th. This represents a $1.99 dividend on an annualized basis and a yield of 6.81%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 99.00%.
Pembina Pipeline Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.
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