Mather Group LLC. Acquires New Position in Pembina Pipeline Co. (NYSE:PBA)

Mather Group LLC. bought a new position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,570 shares of the pipeline company’s stock, valued at approximately $88,000.

A number of other hedge funds have also added to or reduced their stakes in PBA. Guardian Capital Advisors LP increased its holdings in Pembina Pipeline by 12.8% during the fourth quarter. Guardian Capital Advisors LP now owns 235,105 shares of the pipeline company’s stock valued at $8,179,000 after buying an additional 26,766 shares during the period. UBS Group AG raised its stake in Pembina Pipeline by 24.2% in the fourth quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock valued at $13,025,000 after buying an additional 73,776 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its stake in Pembina Pipeline by 44.9% in the 4th 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. Triasima Portfolio Management inc. acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth $17,285,000. Finally, Federated Hermes Inc. lifted its position in 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 during the period. 55.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PBA has been the topic of several recent research reports. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. StockNews.com downgraded Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. CIBC upped their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Finally, Scotiabank lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.00.

Pembina Pipeline Trading Down 0.7 %

PBA stock opened at $35.94 on Friday. The business’s 50-day moving average is $36.23 and its 200 day moving average is $35.08. Pembina Pipeline Co. has a 12-month low of $28.15 and a 12-month high of $37.67. The stock has a market cap of $20.84 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 5.18 and a beta of 1.24. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. On average, sell-side analysts anticipate that Pembina Pipeline Co. will post 2.33 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be given a $0.501 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.58%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, June 17th. Pembina Pipeline’s dividend payout ratio is 86.96%.

Pembina Pipeline 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.