Nykredit A S Purchases New Position in Pembina Pipeline Corp. $PBA

Key Points

• Nykredit A/S acquired 296,833 Pembina Pipeline shares in the second quarter, valued at approximately $13.7 million. Institutional investors now own 55.37% of the company, with several major firms also establishing or expanding positions.
• Pembina Pipeline reported quarterly revenue of $1.07 billion and EPS of $0.48, slightly below analyst expectations, although revenue increased 20.1% year over year. The stock traded near $48.42, below its 52-week high of $51.58.
• The company declared a quarterly dividend of $0.735, equivalent to an annualized $2.94 payout and a 6.1% yield. Analysts maintain a consensus “Moderate Buy” rating with a $64 average price target.

Nykredit A S bought a new position in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 296,833 shares of the pipeline company's stock, valued at approximately $13,729,000. Nykredit A S owned approximately 0.05% of Pembina Pipeline at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PBA. The Manufacturers Life Insurance Company purchased a new stake in Pembina Pipeline during the second quarter valued at approximately $285,738,000. Canada Pension Plan Investment Board purchased a new position in shares of Pembina Pipeline in the second quarter worth about $264,907,000. Deutsche Bank AG purchased a new position in Pembina Pipeline during the 2nd quarter worth approximately $262,233,000. Norges Bank acquired a new position in Pembina Pipeline during the fourth quarter valued at $213,701,000. Finally, Legal & General Group Plc purchased a new stake in shares of Pembina Pipeline in the second quarter worth about $199,230,000. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Trading Down 0.4%

Shares of PBA stock opened at $48.42 on Friday. Pembina Pipeline Corp. has a fifty-two week low of $36.20 and a fifty-two week high of $51.58. The company has a 50 day moving average price of $48.77 and a 200 day moving average price of $46.77. The stock has a market capitalization of $28.16 billion, a P/E ratio of 23.74 and a beta of 0.58. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.Pembina Pipeline's quarterly revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. Equities research analysts predict that Pembina Pipeline Corp. will post 2.23 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.735 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.1%. Pembina Pipeline's dividend payout ratio (DPR) is 104.41%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Wall Street Zen raised shares of Pembina Pipeline from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Royal Bank Of Canada raised their price objective on Pembina Pipeline from $64.00 to $68.00 and gave the company an "outperform" rating in a report on Monday, May 11th. Canadian Imperial Bank of Commerce restated an "outperform" rating on shares of Pembina Pipeline in a research report on Friday, July 3rd. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Finally, BMO Capital Markets restated a "market perform" rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $64.00.

Pembina Pipeline Profile

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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