Kayne Anderson Capital Advisors LP Decreases Position in Pembina Pipeline Corp. (NYSE:PBA)

Kayne Anderson Capital Advisors LP cut its stake in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 4.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,899,001 shares of the pipeline company's stock after selling 163,771 shares during the period. Pembina Pipeline comprises approximately 3.4% of Kayne Anderson Capital Advisors LP's investment portfolio, making the stock its 11th biggest position. Kayne Anderson Capital Advisors LP owned approximately 0.67% of Pembina Pipeline worth $156,077,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PBA. First Horizon Advisors Inc. increased its holdings in Pembina Pipeline by 69.9% in the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after purchasing an additional 277 shares during the period. Dunhill Financial LLC grew its holdings in Pembina Pipeline by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock worth $50,000 after acquiring an additional 675 shares during the period. Larson Financial Group LLC grew its holdings in Pembina Pipeline by 53.4% during the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $54,000 after acquiring an additional 467 shares during the period. Versant Capital Management Inc grew its holdings in Pembina Pipeline by 108.3% during the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock worth $61,000 after acquiring an additional 793 shares during the period. Finally, Headlands Technologies LLC grew its holdings in Pembina Pipeline by 23.2% during the 4th quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock worth $65,000 after acquiring an additional 333 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Stock Down 0.2%

NYSE PBA traded down $0.08 during trading hours on Thursday, hitting $37.32. The company's stock had a trading volume of 306,967 shares, compared to its average volume of 1,347,026. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The company has a market capitalization of $21.68 billion, a PE ratio of 16.88 and a beta of 0.76. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.75. The company's 50-day simple moving average is $37.34 and its two-hundred day simple moving average is $37.52.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings results 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 net margin of 23.73% and a return on equity of 12.61%. The business had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the firm earned $0.73 EPS. The firm's revenue for the quarter was up 48.2% compared to the same quarter last year. Research analysts anticipate that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.5109 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $2.04 annualized dividend and a dividend yield of 5.48%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio (DPR) is currently 93.21%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PBA. National Bank Financial upgraded Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Finally, Jefferies Financial Group downgraded Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus 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.