Pembina Pipeline Corp. (NYSE:PBA) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH cut its stake in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,589 shares of the pipeline company's stock after selling 6,987 shares during the quarter. Allianz Asset Management GmbH's holdings in Pembina Pipeline were worth $3,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Pembina Pipeline by 1,591.4% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,155,558 shares of the pipeline company's stock valued at $116,440,000 after buying an additional 2,968,994 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $73,073,000. Mackenzie Financial Corp raised its holdings in shares of Pembina Pipeline by 10.6% during the fourth quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock valued at $514,154,000 after acquiring an additional 1,331,294 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Pembina Pipeline by 30.4% during the fourth quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock valued at $133,449,000 after acquiring an additional 824,232 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Pembina Pipeline by 101.2% during the fourth quarter. Clearbridge Investments LLC now owns 1,279,008 shares of the pipeline company's stock valued at $47,259,000 after acquiring an additional 643,238 shares during the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

Shares of NYSE PBA remained flat at $37.19 during midday trading on Friday. The company had a trading volume of 854,685 shares, compared to its average volume of 1,333,413. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.75. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $43.44. The company's 50-day moving average is $37.28 and its two-hundred day moving average is $37.54. The company has a market capitalization of $21.60 billion, a PE ratio of 16.83 and a beta of 0.76.

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 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.23. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The firm's revenue for the quarter was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. As a group, analysts forecast that Pembina Pipeline Corp. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.5109 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio is currently 93.67%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. National Bank Financial upgraded Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Finally, Jefferies Financial Group lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

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.