MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $126.37 Million Position in Pembina Pipeline Corp. $PBA

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 0.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 3,123,402 shares of the pipeline company’s stock after purchasing an additional 18,214 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.54% of Pembina Pipeline worth $126,373,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PBA. Lincluden Management Ltd. boosted its holdings in Pembina Pipeline by 7.9% in the third quarter. Lincluden Management Ltd. now owns 927,892 shares of the pipeline company’s stock valued at $37,295,000 after acquiring an additional 68,013 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after acquiring an additional 259 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth about $704,000. Brevan Howard Capital Management LP bought a new position in shares of Pembina Pipeline during the 3rd quarter valued at about $540,000. Finally, Alliancebernstein L.P. lifted its stake in Pembina Pipeline by 46.1% in the third quarter. Alliancebernstein L.P. now owns 54,517 shares of the pipeline company’s stock valued at $2,206,000 after buying an additional 17,208 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at $44.52 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $45.09. The company has a 50-day simple moving average of $41.97 and a two-hundred day simple moving average of $39.78. The stock has a market capitalization of $25.87 billion, a price-to-earnings ratio of 23.43 and a beta of 0.68.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the business posted $0.92 earnings per share. Pembina Pipeline’s revenue was down 10.8% compared to the same quarter last year. Analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $0.71 dividend. The ex-dividend date is Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.4%. Pembina Pipeline’s payout ratio is 109.47%.

Wall Street Analyst Weigh In

PBA has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a report on Friday, February 27th. Zacks Research raised Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, TD Securities downgraded Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $60.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.