Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Susquehanna Portfolio Strategies LLC

Susquehanna Portfolio Strategies LLC lowered its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 60.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,400 shares of the pipeline company's stock after selling 72,100 shares during the quarter. Pembina Pipeline makes up about 5.9% of Susquehanna Portfolio Strategies LLC's holdings, making the stock its 6th biggest holding. Susquehanna Portfolio Strategies LLC's holdings in Pembina Pipeline were worth $1,751,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in Pembina Pipeline in the 4th quarter valued at $27,000. Principal Securities Inc. grew its stake in Pembina Pipeline by 2,597.1% in the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 883 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Pembina Pipeline by 880.0% in the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock valued at $36,000 after acquiring an additional 880 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in Pembina Pipeline in the 4th quarter valued at about $37,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Pembina Pipeline in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Down 0.7%

Shares of PBA stock traded down $0.26 during trading hours on Wednesday, hitting $37.33. 1,623,503 shares of the company were exchanged, compared to its average volume of 1,270,850. The firm has a market cap of $21.68 billion, a PE ratio of 15.42 and a beta of 0.81. Pembina Pipeline Co. has a 1 year low of $34.13 and a 1 year high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $38.27 and a 200 day moving average of $38.22.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Pembina Pipeline's revenue for the quarter was up 48.2% compared to the same quarter last year. Analysts expect that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.5109 dividend. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 annualized dividend and a yield of 5.47%. Pembina Pipeline's dividend payout ratio (DPR) is presently 89.14%.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. 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.