One Capital Management LLC Acquires New Shares in Pembina Pipeline Corp. $PBA

One Capital Management LLC acquired a new stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 10,915 shares of the pipeline company’s stock, valued at approximately $415,000.

Other large investors have also recently added to or reduced their stakes in the company. Varma Mutual Pension Insurance Co increased its holdings in Pembina Pipeline by 8.6% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 309,779 shares of the pipeline company’s stock worth $12,528,000 after purchasing an additional 24,400 shares in the last quarter. Cardinal Capital Management Inc. increased its holdings in Pembina Pipeline by 10.0% during the 4th quarter. Cardinal Capital Management Inc. now owns 3,274,336 shares of the pipeline company’s stock worth $124,621,000 after purchasing an additional 298,412 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in Pembina Pipeline by 2.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,703,413 shares of the pipeline company’s stock worth $64,798,000 after purchasing an additional 40,944 shares in the last quarter. Fiera Capital Corp increased its holdings in Pembina Pipeline by 12.6% during the 3rd quarter. Fiera Capital Corp now owns 1,073,818 shares of the pipeline company’s stock worth $43,402,000 after purchasing an additional 120,272 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in Pembina Pipeline by 96.3% during the 3rd quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company’s stock worth $8,775,000 after purchasing an additional 106,419 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 1.5%

Pembina Pipeline stock opened at $49.27 on Friday. The firm has a 50-day moving average of $45.86 and a 200-day moving average of $42.53. Pembina Pipeline Corp. has a one year low of $35.45 and a one year high of $50.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. The company has a market cap of $28.65 billion, a price-to-earnings ratio of 25.66 and a beta of 0.57.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.80 EPS. The company’s quarterly revenue was down 7.7% on a year-over-year basis. On average, equities analysts expect that Pembina Pipeline Corp. will post 2.28 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.735 per share. The ex-dividend date is Monday, June 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.0%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s dividend payout ratio (DPR) is currently 108.33%.

Analyst Upgrades and Downgrades

PBA has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, May 26th. TD Securities upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 26th. Finally, Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

About Pembina Pipeline

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.