Achmea Investment Management B.V. Has $20.72 Million Stock Holdings in Pembina Pipeline Corp. (NYSE:PBA)

Achmea Investment Management B.V. boosted its position in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 22.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 518,016 shares of the pipeline company's stock after purchasing an additional 95,178 shares during the period. Achmea Investment Management B.V. owned 0.09% of Pembina Pipeline worth $20,717,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PBA. Principal Securities Inc. raised its holdings in Pembina Pipeline by 2,597.1% during the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock valued at $34,000 after buying an additional 883 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in Pembina Pipeline in the 4th quarter valued at $37,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pembina Pipeline in the 4th quarter worth $40,000. Dunhill Financial LLC increased its holdings in shares of Pembina Pipeline by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock worth $50,000 after purchasing an additional 675 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Pembina Pipeline by 108.3% during the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock worth $61,000 after purchasing an additional 793 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday. National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd. Finally, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

Pembina Pipeline Trading Up 3.3%

Shares of Pembina Pipeline stock opened at $37.90 on Friday. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $43.44. The stock has a market capitalization of $22.01 billion, a P/E ratio of 17.15 and a beta of 0.76. The company has a 50-day simple moving average of $37.81 and a 200 day simple moving average of $37.53. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.23. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.47 billion. Pembina Pipeline had a net margin of 23.73% and a return on equity of 12.61%. The company's quarterly revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. Research analysts expect that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal 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 given a $0.5109 dividend. This represents a $2.04 annualized dividend and a yield of 5.39%. The ex-dividend date is Monday, June 16th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio (DPR) is presently 93.67%.

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.

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