Nuveen Asset Management LLC Buys 435,763 Shares of Pembina Pipeline Co. (NYSE:PBA)

Nuveen Asset Management LLC raised its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 28.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,943,874 shares of the pipeline company's stock after acquiring an additional 435,763 shares during the period. Nuveen Asset Management LLC owned approximately 0.33% of Pembina Pipeline worth $71,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Pembina Pipeline by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock valued at $8,335,000 after acquiring an additional 16,762 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Pembina Pipeline by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock worth $846,000 after buying an additional 348 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Pembina Pipeline by 32.3% during the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock worth $22,786,000 after buying an additional 150,689 shares in the last quarter. Bank of Nova Scotia Trust Co. raised its holdings in shares of Pembina Pipeline by 20.9% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock worth $12,466,000 after buying an additional 58,366 shares in the last quarter. Finally, Korea Investment CORP raised its holdings in shares of Pembina Pipeline by 32.7% during the 4th quarter. Korea Investment CORP now owns 440,818 shares of the pipeline company's stock worth $16,279,000 after buying an additional 108,529 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

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 assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded up $0.36 during trading on Friday, reaching $37.51. 1,151,616 shares of the company's stock were exchanged, compared to its average volume of 1,265,372. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a 1-year low of $34.13 and a 1-year high of $43.44. The company has a market cap of $21.79 billion, a P/E ratio of 15.50 and a beta of 0.81. The firm's 50-day moving average price is $38.16 and its 200 day moving average price is $38.15.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued 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. 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 quarter in the prior year, the firm earned $0.73 EPS. The business's revenue for the quarter was up 48.2% compared to the same quarter last year. As a group, research analysts anticipate that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.5109 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio is presently 89.14%.

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.