PFG Investments LLC Purchases Shares of 12,927 Pembina Pipeline Co. (NYSE:PBA)

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

Several other hedge funds also recently added to or reduced their stakes in PBA. ICA Group Wealth Management LLC purchased a new stake in shares of Pembina Pipeline during the 4th quarter worth about $25,000. Baystate Wealth Management LLC purchased a new stake in shares of Pembina Pipeline during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC boosted its stake in shares of Pembina Pipeline by 74.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 462 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Pembina Pipeline by 303.7% during the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after acquiring an additional 1,142 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Pembina Pipeline by 22.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 329 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, CIBC raised their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. One 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 has an average rating of “Moderate Buy” and an average price target of $52.00.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded down $0.88 during midday trading on Tuesday, reaching $35.20. The company had a trading volume of 803,280 shares, compared to its average volume of 1,038,860. The company has a market capitalization of $20.40 billion, a P/E ratio of 15.93, 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. Pembina Pipeline Co. has a 12-month low of $28.15 and a 12-month high of $36.17. The firm’s fifty day simple moving average is $35.11 and its 200-day simple moving average is $33.85.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 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 the consensus estimate of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. As a group, equities analysts anticipate 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. Shareholders 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. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a yield of 5.62%. Pembina Pipeline’s dividend 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.