Twinbeech Capital LP Acquires New Position in Pembina Pipeline Co. (NYSE:PBA)

Twinbeech Capital LP acquired a new position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 48,969 shares of the pipeline company's stock, valued at approximately $1,809,000.

Several other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Pembina Pipeline by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock worth $8,335,000 after buying an additional 16,762 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of 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 buying an additional 348 shares during the period. Jennison Associates LLC boosted its stake in shares of Pembina Pipeline by 32.3% during the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock worth $22,786,000 after buying an additional 150,689 shares during the period. Bank of Nova Scotia Trust Co. boosted its stake in shares of Pembina Pipeline by 20.9% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock worth $12,466,000 after buying an additional 58,366 shares during the period. Finally, Korea Investment CORP boosted its stake in shares of Pembina Pipeline by 32.7% during the fourth quarter. Korea Investment CORP now owns 440,818 shares of the pipeline company's stock worth $16,279,000 after buying an additional 108,529 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

NYSE:PBA traded up $0.25 during mid-day trading on Tuesday, reaching $37.79. The stock had a trading volume of 191,817 shares, compared to its average volume of 1,322,371. 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 firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 15.62 and a beta of 0.81. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44. The business has a 50 day simple moving average of $38.12 and a 200 day simple moving average of $38.09.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced 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. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm's revenue was up 48.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 earnings per share. On average, analysts expect that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.5109 dividend. The ex-dividend date is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a yield of 5.41%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio (DPR) is presently 89.14%.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, 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.