Deutsche Bank AG purchased a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,669,902 shares of the pipeline company's stock, valued at approximately $262,233,000. Deutsche Bank AG owned approximately 0.98% of Pembina Pipeline as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Western Wealth Management LLC bought a new stake in shares of Pembina Pipeline in the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Pembina Pipeline in the 2nd quarter valued at about $31,000. Tobam bought a new position in shares of Pembina Pipeline in the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd purchased a new position in Pembina Pipeline in the third quarter worth about $31,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Pembina Pipeline in the fourth quarter worth about $36,000. Institutional investors own 55.37% of the company's stock.
Pembina Pipeline Stock Performance
Shares of NYSE:PBA opened at $49.35 on Wednesday. The company has a market capitalization of $28.70 billion, a price-to-earnings ratio of 24.19 and a beta of 0.57. Pembina Pipeline Corp. has a 12 month low of $36.20 and a 12 month high of $51.58. The firm's 50-day moving average is $48.41 and its 200 day moving average is $46.25. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78.
Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The firm had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period last year, the company earned $0.65 earnings per share. The business's revenue for the quarter was up 20.1% compared to the same quarter last year. Research analysts predict that Pembina Pipeline Corp. will post 2.23 EPS for the current year.
Pembina Pipeline Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 15th. Pembina Pipeline's dividend payout ratio is presently 102.45%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on PBA shares. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Scotiabank cut Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a report on Monday, July 20th. Canadian Imperial Bank of Commerce reissued an "outperform" rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. TD Securities restated a "buy" rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Finally, Wall Street Zen upgraded Pembina Pipeline from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.00.
Check Out Our Latest Stock Analysis on Pembina Pipeline
About Pembina Pipeline
(
Free Report)
Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.
The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.
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