Janus Henderson Group PLC Sells 133,939 Shares of Pembina Pipeline Co. (NYSE:PBA)

Janus Henderson Group PLC decreased its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 74.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,676 shares of the pipeline company's stock after selling 133,939 shares during the period. Janus Henderson Group PLC's holdings in Pembina Pipeline were worth $1,687,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PBA. Barclays PLC grew its stake in shares of Pembina Pipeline by 86.5% during the 3rd quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock worth $2,226,000 after acquiring an additional 25,031 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Pembina Pipeline by 11.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock worth $108,000 after purchasing an additional 308 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Pembina Pipeline by 24.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 33,622 shares of the pipeline company's stock worth $1,242,000 after purchasing an additional 6,514 shares in the last quarter. Cardinal Capital Management Inc. raised its position in shares of Pembina Pipeline by 1.3% in the fourth quarter. Cardinal Capital Management Inc. now owns 2,920,900 shares of the pipeline company's stock valued at $107,675,000 after purchasing an additional 37,595 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at approximately $27,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Stock Down 0.7%

Shares of NYSE PBA opened at $37.33 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The company has a market cap of $21.68 billion, a P/E ratio of 15.42 and a beta of 0.81. Pembina Pipeline Co. has a 52 week low of $34.13 and a 52 week high of $43.44. The business has a 50-day simple moving average of $38.23 and a two-hundred day simple moving average of $38.22.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings results 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. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter in the prior year, the firm posted $0.73 earnings per share. The business's quarterly revenue was up 48.2% on a year-over-year basis. Research analysts anticipate that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.5109 dividend. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's dividend payout ratio (DPR) is currently 89.14%.

Wall Street Analysts Forecast Growth

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

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