238,133 Shares in Pembina Pipeline Corp. $PBA Purchased by Nykredit A S

Key Points

• Nykredit A/S purchased 238,133 shares of Pembina Pipeline in the second quarter, worth approximately $11 million. Institutional investors and hedge funds collectively own 55.37% of the company.
• Analysts maintain a generally positive view, with five Buy ratings and four Holds, resulting in a “Moderate Buy” consensus and a $64 average price target.
• Pembina reported quarterly EPS of $0.48, slightly below estimates, while revenue rose 20.1% year over year to $1.07 billion. The company also declared a quarterly dividend of $0.735 per share, representing a 6.2% annualized yield.

Nykredit A S purchased a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 238,133 shares of the pipeline company's stock, valued at approximately $11,014,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of Pembina Pipeline during the first quarter worth approximately $25,000. Dunhill Financial LLC acquired a new position in shares of Pembina Pipeline in the 2nd quarter worth approximately $31,000. N.E.W. Advisory Services LLC bought a new stake in Pembina Pipeline during the 2nd quarter worth approximately $31,000. Tobam bought a new stake in Pembina Pipeline during the 4th quarter worth approximately $28,000. Finally, Markowski Investments acquired a new stake in Pembina Pipeline during the 2nd quarter valued at $54,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Pembina Pipeline from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings cut Pembina Pipeline from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. Scotiabank cut Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a report on Monday, July 20th. Finally, BMO Capital Markets reaffirmed a "market perform" rating on shares of Pembina Pipeline in a report on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.

Pembina Pipeline Stock Performance

PBA stock opened at $47.50 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. The company has a 50 day moving average price of $48.98 and a 200 day moving average price of $47.07. Pembina Pipeline Corp. has a fifty-two week low of $36.20 and a fifty-two week high of $51.58. The stock has a market capitalization of $27.62 billion, a PE ratio of 23.28 and a beta of 0.58.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business's revenue for the quarter was up 20.1% on a year-over-year basis. Analysts forecast that Pembina Pipeline Corp. will post 2.23 EPS for the current year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.735 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.94 annualized dividend and a yield of 6.2%. Pembina Pipeline's dividend payout ratio (DPR) is presently 103.92%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, the company develops and operates infrastructure that transports and processes hydrocarbons produced primarily in Western Canada.

Pembina's operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and terminals for hydrocarbon liquids. Its infrastructure supports the movement of crude oil, condensate, natural gas, propane, butane and other natural gas liquids from producing regions to domestic and international markets.

The company also provides marketing, logistics and related midstream services and is pursuing opportunities tied to liquefied natural gas and other energy exports.

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