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

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

A number of other large investors have also bought and sold shares of PBA. Headlands Technologies LLC grew its position in shares of Pembina Pipeline by 23.2% in the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock valued at $65,000 after purchasing an additional 333 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Pembina Pipeline by 1.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock valued at $846,000 after purchasing an additional 348 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Pembina Pipeline by 4.5% in the fourth quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company's stock valued at $365,000 after purchasing an additional 430 shares in the last quarter. MONECO Advisors LLC grew its position in shares of Pembina Pipeline by 9.9% in the fourth quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company's stock valued at $220,000 after purchasing an additional 537 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Pembina Pipeline by 97.3% in the fourth quarter. Blue Trust Inc. now owns 1,450 shares of the pipeline company's stock valued at $54,000 after purchasing an additional 715 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded down $0.19 during midday trading on Friday, hitting $37.58. 876,886 shares of the company's stock were exchanged, compared to its average volume of 1,282,736. Pembina Pipeline Co. has a 52-week low of $34.13 and a 52-week high of $43.44. The stock has a 50-day moving average price of $37.75 and a two-hundred day moving average price of $37.92. 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 company has a market cap of $21.83 billion, a P/E ratio of 15.53 and a beta of 0.76.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The firm's revenue was up 48.2% on a year-over-year basis. On average, equities research analysts forecast that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently announced 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 represents a $2.04 annualized dividend and a yield of 5.44%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date is Monday, June 16th. Pembina Pipeline's payout ratio is presently 93.21%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PBA shares. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.