Silver Lake Advisory LLC Cuts Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Silver Lake Advisory LLC lowered its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 87,290 shares of the pipeline company’s stock after selling 855 shares during the quarter. Silver Lake Advisory LLC’s holdings in Pembina Pipeline were worth $3,005,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Duff & Phelps Investment Management Co. grew its stake in shares of Pembina Pipeline by 44.9% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,556,638 shares of the pipeline company’s stock worth $53,850,000 after purchasing an additional 482,067 shares in the last quarter. Federated Hermes Inc. boosted its stake in Pembina Pipeline by 22.8% in the fourth quarter. Federated Hermes Inc. now owns 297,423 shares of the pipeline company’s stock valued at $10,237,000 after acquiring an additional 55,136 shares in the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $17,285,000. Intact Investment Management Inc. raised its holdings 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 valued at $31,850,000 after buying an additional 301,700 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Pembina Pipeline by 3.8% in the third quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company’s stock valued at $147,430,000 after buying an additional 180,798 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pembina Pipeline Stock Performance

Shares of NYSE PBA traded up $0.65 during midday trading on Thursday, hitting $35.35. The company’s stock had a trading volume of 506,095 shares, compared to its average volume of 1,036,153. Pembina Pipeline Co. has a 1-year low of $28.15 and a 1-year high of $36.17. The firm’s fifty day moving average price is $35.12 and its 200-day moving average price is $33.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82. The firm has a market cap of $20.48 billion, a P/E ratio of 15.70, a P/E/G ratio of 5.23 and a beta of 1.20.

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 analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, sell-side analysts forecast that Pembina Pipeline Co. will post 2.24 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.4944 per share. The ex-dividend date was Thursday, March 14th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a yield of 5.59%. 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.