Pembina Pipeline Co. (NYSE:PBA) Shares Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 1,591.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,155,558 shares of the pipeline company's stock after buying an additional 2,968,994 shares during the period. Pembina Pipeline makes up approximately 0.7% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's investment portfolio, making the stock its 22nd biggest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.54% of Pembina Pipeline worth $116,440,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PBA. Sound Income Strategies LLC purchased a new position in Pembina Pipeline during the 4th quarter worth approximately $27,000. Principal Securities Inc. increased its stake in shares of Pembina Pipeline by 2,597.1% in the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after acquiring an additional 883 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Pembina Pipeline by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after purchasing an additional 880 shares during the last quarter. VSM Wealth Advisory LLC acquired a new position in Pembina Pipeline during the fourth quarter valued at $37,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Pembina Pipeline in the fourth quarter valued at $40,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

Shares of NYSE PBA traded up $0.36 during midday trading on Monday, reaching $37.51. 1,151,616 shares of the stock were exchanged, compared to its average volume of 1,262,221. 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 market cap of $21.79 billion, a price-to-earnings ratio of 15.50 and a beta of 0.81. The firm has a 50-day simple moving average of $38.16 and a two-hundred day simple moving average of $38.11. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly 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 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 the consensus estimate of $1.47 billion. During the same period in the prior year, the firm posted $0.73 earnings per share. The firm's quarterly revenue was up 48.2% compared to the same quarter last year. As a group, analysts anticipate that Pembina Pipeline Co. will post 2.15 EPS for the current fiscal 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 paid a $0.5109 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.45%. The ex-dividend date is Monday, June 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is currently 89.14%.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline has a consensus rating of "Moderate Buy" and an average price target 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.