Massachusetts Financial Services Co. MA Sells 7,756 Shares of Pembina Pipeline Corp. (NYSE:PBA)

Massachusetts Financial Services Co. MA reduced its holdings in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 1.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 797,255 shares of the pipeline company's stock after selling 7,756 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.14% of Pembina Pipeline worth $31,914,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of PBA. First Horizon Advisors Inc. raised its position in shares of Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after acquiring an additional 277 shares during the last quarter. Dunhill Financial LLC raised its position in shares of Pembina Pipeline by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock valued at $50,000 after acquiring an additional 675 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Pembina Pipeline by 108.3% during the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock valued at $61,000 after acquiring an additional 793 shares during the last quarter. Headlands Technologies LLC raised its position in shares of Pembina Pipeline by 23.2% during the 4th quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock valued at $65,000 after acquiring an additional 333 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter valued at $92,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Finally, Barclays reaffirmed an "overweight" rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

Pembina Pipeline Trading Up 0.1%

Pembina Pipeline stock traded up $0.05 during mid-day trading on Friday, hitting $37.24. 870,950 shares of the company's stock were exchanged, compared to its average volume of 1,300,618. The firm has a market capitalization of $21.63 billion, a P/E ratio of 16.85 and a beta of 0.76. Pembina Pipeline Corp. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. The company's 50 day simple moving average is $37.34 and its 200-day simple moving average is $37.53.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.23. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The company's revenue was up 48.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. On average, equities analysts anticipate that Pembina Pipeline Corp. will post 2.15 earnings per share for the current 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 issued a dividend of $0.5109 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Monday, June 16th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio is 93.67%.

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.