Dimensional Fund Advisors LP Trims Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Dimensional Fund Advisors LP cut its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,175,936 shares of the pipeline company's stock after selling 9,253 shares during the period. Dimensional Fund Advisors LP owned approximately 0.20% of Pembina Pipeline worth $43,449,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Pembina Pipeline by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock worth $919,503,000 after buying an additional 770,729 shares during the period. TD Asset Management Inc. increased its holdings in shares of Pembina Pipeline by 5.4% during the fourth quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company's stock valued at $250,732,000 after acquiring an additional 347,872 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Pembina Pipeline by 0.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company's stock valued at $230,610,000 after purchasing an additional 32,519 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of Pembina Pipeline by 1.7% during the fourth quarter. Scotia Capital Inc. now owns 4,969,977 shares of the pipeline company's stock valued at $183,596,000 after purchasing an additional 85,121 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Pembina Pipeline during the 4th quarter worth $171,860,000. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Down 5.3 %

NYSE:PBA traded down $2.08 during trading hours on Friday, reaching $37.33. The company's stock had a trading volume of 788,277 shares, compared to its average volume of 1,327,222. The stock has a 50 day moving average price of $38.39 and a two-hundred day moving average price of $38.52. Pembina Pipeline Co. has a 12 month low of $34.13 and a 12 month high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The company has a market capitalization of $21.69 billion, a P/E ratio of 15.43 and a beta of 0.81.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company's revenue for the quarter was up 48.2% compared to the same quarter last year. Equities analysts predict that Pembina Pipeline Co. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.4783 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 5.12%. Pembina Pipeline's dividend payout ratio is currently 86.76%.

Analyst Ratings Changes

Several brokerages recently issued reports on PBA. TD Securities began coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Citigroup upgraded shares of 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 given a buy rating to the company. According to data from MarketBeat.com, the stock 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.