Cumberland Partners Ltd Has $7.70 Million Position in Pembina Pipeline Co. (NYSE:PBA)

Cumberland Partners Ltd reduced its holdings in Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) by 18.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,758 shares of the pipeline company’s stock after selling 47,534 shares during the period. Cumberland Partners Ltd’s holdings in Pembina Pipeline were worth $7,702,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PBA. Yousif Capital Management LLC acquired a new position in Pembina Pipeline in the fourth quarter valued at approximately $258,000. Northwestern Mutual Wealth Management Co. raised its holdings in Pembina Pipeline by 10.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 13,626 shares of the pipeline company’s stock worth $414,000 after purchasing an additional 1,307 shares during the period. Advisor Group Holdings Inc. raised its holdings in Pembina Pipeline by 4.8% in the fourth quarter. Advisor Group Holdings Inc. now owns 38,826 shares of the pipeline company’s stock worth $1,180,000 after purchasing an additional 1,781 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Pembina Pipeline by 14.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 16,026 shares of the pipeline company’s stock worth $486,000 after purchasing an additional 2,018 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in Pembina Pipeline by 22.1% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 13,977 shares of the pipeline company’s stock worth $424,000 after purchasing an additional 2,527 shares during the period. 55.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PBA has been the topic of several analyst reports. Scotiabank increased their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 in a report on Friday, May 6th. Royal Bank of Canada increased their target price on shares of Pembina Pipeline from C$49.00 to C$58.00 in a report on Monday, May 9th. National Bank Financial increased their target price on shares of Pembina Pipeline from C$45.00 to C$48.00 in a report on Monday, May 9th. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Wednesday, May 25th. Finally, BMO Capital Markets increased their target price on shares of Pembina Pipeline from C$54.00 to C$55.00 in a report on Friday, May 6th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.63.

Pembina Pipeline Stock Down 1.2 %

Shares of PBA stock traded down $0.43 during trading hours on Wednesday, hitting $36.89. 11,053 shares of the company were exchanged, compared to its average volume of 736,655. The business has a 50 day moving average of $36.43 and a two-hundred day moving average of $36.84. The company has a current ratio of 1.28, a quick ratio of 1.20 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 52 week low of $28.89 and a 52 week high of $42.74. The company has a market capitalization of $20.48 billion, a PE ratio of 18.13, a PEG ratio of 5.47 and a beta of 1.24.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last released its earnings results on Thursday, August 4th. The pipeline company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.22. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.98 billion. Pembina Pipeline had a net margin of 14.15% and a return on equity of 12.70%. The firm’s revenue for the quarter was up 62.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. Analysts anticipate that Pembina Pipeline Co. will post 2.26 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, August 25th will be given a $0.164 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $1.97 dividend on an annualized basis and a yield of 5.33%. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.16. Pembina Pipeline’s dividend payout ratio (DPR) is 96.08%.

About Pembina Pipeline

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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