Achmea Investment Management B.V. Boosts Stock Position in Pembina Pipeline Corp. (NYSE:PBA)

Achmea Investment Management B.V. lifted its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 22.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Securities Inc. grew its position in shares of Pembina Pipeline by 2,597.1% during the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after buying an additional 883 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Pembina Pipeline by 8.3% in the fourth quarter. Bank of New York Mellon Corp now owns 496,084 shares of the pipeline company's stock worth $18,330,000 after acquiring an additional 38,140 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Pembina Pipeline by 4.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,521 shares of the pipeline company's stock worth $721,000 after acquiring an additional 846 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in Pembina Pipeline by 17.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,084 shares of the pipeline company's stock valued at $299,000 after purchasing an additional 1,188 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Pembina Pipeline by 10.2% in the 4th quarter. US Bancorp DE now owns 12,303 shares of the pipeline company's stock valued at $455,000 after purchasing an additional 1,142 shares in the last quarter. Institutional investors own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday. Finally, Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Performance

PBA traded up $0.33 on Monday, reaching $37.54. 1,121,036 shares of the stock were exchanged, compared to its average volume of 1,406,967. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.64 and a quick ratio of 0.52. The company's 50-day moving average price is $37.79 and its 200 day moving average price is $37.51. The firm has a market capitalization of $21.81 billion, a PE ratio of 16.99 and a beta of 0.76. Pembina Pipeline Corp. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping 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 return on equity of 12.61% and a net margin of 23.73%. The company's revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 earnings per share. As a group, sell-side analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.5109 per share. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's dividend payout ratio (DPR) is currently 93.67%.

Pembina Pipeline 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.