Crestline Management LP Boosts Holdings in Pembina Pipeline Co. (NYSE:PBA)

Crestline Management LP boosted its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,949 shares of the pipeline company's stock after buying an additional 13,347 shares during the quarter. Crestline Management LP's holdings in Pembina Pipeline were worth $1,846,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Pembina Pipeline by 11.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock valued at $108,000 after buying an additional 308 shares during the period. Headlands Technologies LLC grew its position in Pembina Pipeline by 23.2% in the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock worth $65,000 after acquiring an additional 333 shares during the period. PNC Financial Services Group Inc. increased its stake in Pembina Pipeline by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock worth $846,000 after acquiring an additional 348 shares during the last quarter. NewEdge Advisors LLC raised its position in Pembina Pipeline by 4.5% in the fourth quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company's stock valued at $365,000 after purchasing an additional 430 shares during the period. Finally, MONECO Advisors LLC lifted its stake in shares of Pembina Pipeline by 9.9% in the 4th quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company's stock valued at $220,000 after purchasing an additional 537 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Wall Street Analyst Weigh In

PBA has been the subject of a number of recent analyst reports. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. TD Securities initiated coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock traded up $0.48 during trading on Tuesday, reaching $37.51. The company's stock had a trading volume of 281,850 shares, compared to its average volume of 1,262,761. The company has a 50-day moving average price of $38.36 and a two-hundred day moving average price of $38.38. Pembina Pipeline Co. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The firm has a market cap of $21.79 billion, a PE ratio of 15.50 and a beta of 0.81. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

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

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.5109 per share. The ex-dividend date is Monday, June 16th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 5.45%. Pembina Pipeline's dividend payout ratio is currently 89.14%.

Pembina Pipeline Company 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.