Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Cumberland Partners Ltd

Cumberland Partners Ltd lowered its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,660 shares of the pipeline company’s stock after selling 2,645 shares during the period. Cumberland Partners Ltd’s holdings in Pembina Pipeline were worth $5,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Jennison Associates LLC raised its position in Pembina Pipeline by 31.5% in the 4th quarter. Jennison Associates LLC now owns 629,049 shares of the pipeline company’s stock valued at $21,653,000 after purchasing an additional 150,550 shares in the last quarter. Duality Advisers LP acquired a new stake in Pembina Pipeline in the 4th quarter valued at about $441,000. Signaturefd LLC raised its position in shares of Pembina Pipeline by 50.6% during the 4th quarter. Signaturefd LLC now owns 10,972 shares of the pipeline company’s stock worth $378,000 after acquiring an additional 3,688 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Pembina Pipeline by 22.8% during the 4th quarter. Federated Hermes Inc. now owns 297,423 shares of the pipeline company’s stock worth $10,237,000 after acquiring an additional 55,136 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Pembina Pipeline by 5.7% during the 4th quarter. Mackenzie Financial Corp now owns 12,652,115 shares of the pipeline company’s stock worth $435,812,000 after acquiring an additional 680,945 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PBA shares. CIBC raised their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. 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 assigned a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Pembina Pipeline Stock Performance

PBA traded up $0.40 during trading on Tuesday, hitting $35.50. 582,011 shares of the stock were exchanged, compared to its average volume of 1,054,359. The firm has a market capitalization of $20.57 billion, a P/E ratio of 16.06, a PEG ratio of 5.21 and a beta of 1.20. Pembina Pipeline Co. has a 1-year low of $28.15 and a 1-year high of $36.17. The stock has a fifty day moving average price of $34.93 and a two-hundred day moving average price of $33.66. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. As a group, sell-side analysts predict that Pembina Pipeline Co. will post 2.23 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid 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 of this dividend was Thursday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is 89.14%.

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.