BLI Banque de Luxembourg Investments Invests $2.15 Million in Pembina Pipeline Co. (NYSE:PBA)

BLI Banque de Luxembourg Investments purchased a new position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 58,200 shares of the pipeline company's stock, valued at approximately $2,150,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new stake in Pembina Pipeline in the fourth quarter valued at approximately $171,860,000. Arrowstreet Capital Limited Partnership acquired a new stake in Pembina Pipeline in the 4th quarter valued at $73,073,000. Hillsdale Investment Management Inc. increased its stake in Pembina Pipeline by 338.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock valued at $47,598,000 after purchasing an additional 995,735 shares in the last quarter. AGF Management Ltd. lifted its stake in shares of Pembina Pipeline by 612.7% in the fourth quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock valued at $40,025,000 after buying an additional 929,206 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Pembina Pipeline by 30.4% during the fourth quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock valued at $133,449,000 after buying an additional 824,232 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

Shares of PBA stock traded down $2.00 during trading on Friday, hitting $37.41. The company's stock had a trading volume of 2,469,883 shares, compared to its average volume of 1,265,110. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a market cap of $21.73 billion, a PE ratio of 15.46 and a beta of 0.81. The business has a fifty day moving average of $38.38 and a 200-day moving average of $38.45. Pembina Pipeline Co. has a 52 week low of $34.13 and a 52 week high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.23. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The business's revenue was up 48.2% compared to the same quarter last year. During the same period last year, the firm posted $0.73 EPS. As a group, research analysts anticipate that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.5109 per share. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's dividend payout ratio is currently 86.76%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PBA shares. TD Securities initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

About Pembina Pipeline

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.