Ninepoint Partners LP Sells 3,717 Shares of Pembina Pipeline Co. (NYSE:PBA)

Ninepoint Partners LP lessened its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 10.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,802 shares of the pipeline company’s stock after selling 3,717 shares during the quarter. Ninepoint Partners LP’s holdings in Pembina Pipeline were worth $1,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triasima Portfolio Management inc. bought a new stake in Pembina Pipeline in the fourth quarter valued at about $17,285,000. Legal & General Group Plc increased 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 worth $147,430,000 after acquiring an additional 180,798 shares in the last quarter. Baskin Financial Services Inc. increased its holdings in shares of Pembina Pipeline by 5.0% in the fourth quarter. Baskin Financial Services Inc. now owns 196,108 shares of the pipeline company’s stock worth $6,749,000 after acquiring an additional 9,306 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Pembina Pipeline by 1.7% in the third quarter. Vanguard Group Inc. now owns 21,222,536 shares of the pipeline company’s stock worth $637,949,000 after acquiring an additional 351,266 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Pembina Pipeline by 1.0% in the third quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company’s stock worth $402,538,000 after acquiring an additional 131,487 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 2.0 %

Shares of PBA stock traded up $0.68 on Friday, hitting $34.97. 811,548 shares of the stock were exchanged, compared to its average volume of 1,049,594. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $20.26 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 5.10 and a beta of 1.20. The business has a 50-day moving average of $34.83 and a 200 day moving average of $33.46. Pembina Pipeline Co. has a fifty-two week low of $28.15 and a fifty-two week high of $36.17.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping 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 return on equity of 13.11% and a net margin of 19.43%. Equities analysts anticipate that Pembina Pipeline Co. will post 2.23 EPS for the current year.

Pembina Pipeline Increases Dividend

The business also recently declared 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 of this dividend was Thursday, March 14th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 annualized dividend and a yield of 5.66%. Pembina Pipeline’s dividend payout ratio is 88.69%.

Wall Street Analyst Weigh In

PBA has been the subject of several recent analyst reports. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. One equities 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 presently has an average rating of “Moderate Buy” and an average target price of $50.33.

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.