Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 74.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,676 shares of the pipeline company's stock after selling 133,939 shares during the quarter. Janus Henderson Group PLC's holdings in Pembina Pipeline were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in Pembina Pipeline during the fourth quarter valued at about $27,000. Principal Securities Inc. boosted its holdings in Pembina Pipeline by 2,597.1% in the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after acquiring an additional 883 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Pembina Pipeline by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after acquiring an additional 880 shares in the last quarter. VSM Wealth Advisory LLC acquired a new stake in Pembina Pipeline in the fourth quarter worth about $37,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pembina Pipeline in the fourth quarter worth about $40,000. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Up 0.4%

NYSE PBA traded up $0.17 during trading on Tuesday, hitting $37.71. The company's stock had a trading volume of 2,539,608 shares, compared to its average volume of 1,267,330. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company has a market cap of $21.90 billion, a PE ratio of 15.58 and a beta of 0.81. The business's 50 day simple moving average is $38.08 and its 200-day simple moving average is $38.09. Pembina Pipeline Co. 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. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company's revenue was up 48.2% compared to the same quarter last year. On average, equities analysts anticipate that Pembina Pipeline Co. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.5109 per share. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.42%. Pembina Pipeline's payout ratio is 89.14%.

Analyst Upgrades and Downgrades

Separately, 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 and four have issued a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and a consensus target price of $56.00.

Pembina Pipeline Company 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.