Ameriprise Financial Inc. Sells 14,961 Shares of Pembina Pipeline Co. (NYSE:PBA)

Ameriprise Financial Inc. decreased its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 39.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,428 shares of the pipeline company's stock after selling 14,961 shares during the period. Ameriprise Financial Inc.'s holdings in Pembina Pipeline were worth $894,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Pembina Pipeline by 86.5% during the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock worth $2,226,000 after buying an additional 25,031 shares during the last quarter. Blue Trust Inc. boosted its holdings in Pembina Pipeline by 97.3% during the fourth quarter. Blue Trust Inc. now owns 1,450 shares of the pipeline company's stock worth $54,000 after buying an additional 715 shares during the last quarter. Caprock Group LLC bought a new position in Pembina Pipeline during the fourth quarter worth about $235,000. Greenleaf Trust boosted its holdings in Pembina Pipeline by 9.9% during the fourth quarter. Greenleaf Trust now owns 9,472 shares of the pipeline company's stock worth $350,000 after buying an additional 850 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in 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 last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Down 0.4%

PBA traded down $0.17 during midday trading on Wednesday, reaching $37.81. 878,243 shares of the company were exchanged, compared to its average volume of 1,280,801. Pembina Pipeline Co. has a one year low of $34.13 and a one year high of $43.44. 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 stock has a market capitalization of $21.96 billion, a P/E ratio of 15.62 and a beta of 0.81. The stock's 50-day simple moving average is $37.84 and its 200 day simple moving average is $37.95.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the previous year, the business posted $0.73 EPS. Pembina Pipeline's revenue for the quarter was up 48.2% on a year-over-year basis. As a group, analysts forecast that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.5109 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.40%. 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 payout ratio is 89.14%.

Analyst Ratings Changes

Separately, Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.