Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Man Group plc

Man Group plc decreased its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 33.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,600 shares of the pipeline company's stock after selling 205,126 shares during the quarter. Man Group plc owned 0.07% of Pembina Pipeline worth $14,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of Pembina Pipeline by 86.5% in the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock valued at $2,226,000 after buying an additional 25,031 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Pembina Pipeline by 11.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock valued at $108,000 after acquiring an additional 308 shares during the period. Crossmark Global Holdings Inc. grew its position in Pembina Pipeline by 24.0% in the 4th quarter. Crossmark Global Holdings Inc. now owns 33,622 shares of the pipeline company's stock valued at $1,242,000 after acquiring an additional 6,514 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in Pembina Pipeline by 1.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 2,920,900 shares of the pipeline company's stock worth $107,675,000 after purchasing an additional 37,595 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Up 0.6%

Shares of NYSE PBA traded up $0.21 during mid-day trading on Friday, hitting $37.36. The company had a trading volume of 92,092 shares, compared to its average volume of 1,266,389. The company has a market capitalization of $21.70 billion, a PE ratio of 15.43 and a beta of 0.81. The business's 50-day simple moving average is $38.19 and its 200 day simple moving average is $38.18. Pembina Pipeline Co. has a 1-year low of $34.13 and a 1-year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.23. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. Pembina Pipeline's revenue was up 48.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. On average, analysts predict 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. Investors of record on Monday, June 16th will be issued a $0.5109 dividend. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date 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 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline 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.