Intech Investment Management LLC Has $2.55 Million Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Intech Investment Management LLC raised its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 75.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,848 shares of the pipeline company’s stock after acquiring an additional 29,587 shares during the period. Intech Investment Management LLC’s holdings in Pembina Pipeline were worth $2,554,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Pembina Pipeline by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,795,502 shares of the pipeline company’s stock valued at $61,801,000 after purchasing an additional 120,191 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Pembina Pipeline by 21.6% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 11,285 shares of the pipeline company’s stock worth $388,000 after acquiring an additional 2,001 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Pembina Pipeline by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 26,973 shares of the pipeline company’s stock valued at $928,000 after acquiring an additional 1,437 shares in the last quarter. UBS Group AG increased 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 acquiring an additional 73,776 shares during the period. Finally, Clearbridge Investments LLC acquired a new position in Pembina Pipeline in the fourth quarter worth about $861,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 0.6 %

PBA stock opened at $40.59 on Monday. The business has a fifty day moving average price of $39.17 and a 200 day moving average price of $37.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. Pembina Pipeline Co. has a fifty-two week low of $28.15 and a fifty-two week high of $41.40. The stock has a market capitalization of $23.54 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 5.70 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates 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 last year, the company posted $0.45 earnings per share. Analysts expect that Pembina Pipeline Co. will post 2.38 EPS for the current fiscal year.

Pembina Pipeline Cuts Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PBA. Citigroup upped their price objective on 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 started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.