Westwood Holdings Group Inc. Sells 498,836 Shares of Pembina Pipeline Co. (NYSE:PBA)

Westwood Holdings Group Inc. decreased its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 22.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,727,080 shares of the pipeline company’s stock after selling 498,836 shares during the period. Westwood Holdings Group Inc. owned about 0.30% of Pembina Pipeline worth $64,040,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd bought a new position in shares of Pembina Pipeline during the 1st quarter valued at $1,745,000. Quantbot Technologies LP boosted its position in Pembina Pipeline by 10,862.7% in the first quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock worth $1,143,000 after purchasing an additional 32,045 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Pembina Pipeline by 2.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock valued at $45,360,000 after purchasing an additional 29,743 shares during the period. UBS Group AG increased its position in shares of Pembina Pipeline by 24.2% during the 4th quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock valued at $13,025,000 after purchasing an additional 73,776 shares during the last quarter. Finally, Cetera Advisors LLC lifted its stake in shares of Pembina Pipeline by 248.9% in the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock worth $1,129,000 after purchasing an additional 22,790 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

PBA has been the subject of several recent research reports. UBS Group assumed coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Citigroup upped their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Pembina Pipeline presently has an average rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Trading Up 0.6 %

Shares of NYSE:PBA opened at $40.59 on Friday. Pembina Pipeline Co. has a 12-month low of $28.15 and a 12-month high of $41.40. The company has a market cap of $23.54 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 5.70 and a beta of 1.25. The stock has a 50 day moving average of $39.17 and a 200 day moving average of $37.16. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77.

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, topping analysts’ consensus estimates of $0.54 by $0.21. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. As a group, equities research analysts expect that Pembina Pipeline Co. will post 2.38 EPS for the current year.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be given a $0.50 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.93%. Pembina Pipeline’s payout ratio is 88.70%.

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.