SL Advisors LLC Buys 987 Shares of Pembina Pipeline Co. (NYSE:PBA)

SL Advisors LLC boosted its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,577 shares of the pipeline company’s stock after buying an additional 987 shares during the period. Pembina Pipeline makes up approximately 2.0% of SL Advisors LLC’s portfolio, making the stock its 13th biggest position. SL Advisors LLC’s holdings in Pembina Pipeline were worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Shell Asset Management Co. grew its holdings in Pembina Pipeline by 146.0% during the fourth quarter. Shell Asset Management Co. now owns 29,888 shares of the pipeline company’s stock worth $1,033,000 after buying an additional 17,740 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter worth $62,000. Vanguard Group Inc. raised its holdings in shares of Pembina Pipeline by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 21,592,770 shares of the pipeline company’s stock valued at $743,223,000 after purchasing an additional 370,234 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Pembina Pipeline by 5.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 26,973 shares of the pipeline company’s stock valued at $928,000 after purchasing an additional 1,437 shares in the last quarter. Finally, HighPoint Advisor Group LLC purchased a new position in Pembina Pipeline during the fourth quarter worth about $665,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Performance

Shares of PBA opened at $42.24 on Wednesday. Pembina Pipeline Co. has a 1 year low of $29.23 and a 1 year high of $42.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. The stock’s fifty day moving average price is $40.00 and its two-hundred day moving average price is $37.69. The firm has a market cap of $24.49 billion, a PE ratio of 18.37, a PEG ratio of 5.83 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The firm’s quarterly revenue was up 30.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. On average, equities research analysts forecast that Pembina Pipeline Co. will post 2.42 EPS for the current year.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. UBS Group initiated coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.50.

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.