Pembina Pipeline Co. (NYSE:PBA) Stock Holdings Trimmed by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. trimmed its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 26.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,140,830 shares of the pipeline company's stock after selling 405,733 shares during the period. Westwood Holdings Group Inc. owned 0.20% of Pembina Pipeline worth $42,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its stake in shares of 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 worth $108,000 after acquiring an additional 308 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Pembina Pipeline by 23.2% in the 4th quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock valued at $65,000 after acquiring an additional 333 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Pembina Pipeline by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock worth $846,000 after purchasing an additional 348 shares during the period. NewEdge Advisors LLC raised its stake in Pembina Pipeline by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company's stock valued at $365,000 after purchasing an additional 430 shares during the period. Finally, MONECO Advisors LLC lifted its holdings in shares of Pembina Pipeline by 9.9% in the fourth quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company's stock valued at $220,000 after purchasing an additional 537 shares in the last quarter. 55.37% of the stock is currently 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 research report on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Trading Up 0.1%

NYSE PBA opened at $37.64 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 1-year low of $34.13 and a 1-year high of $43.44. The firm's fifty day simple moving average is $38.31 and its 200-day simple moving average is $38.26. The company has a market capitalization of $21.87 billion, a PE ratio of 15.56 and a beta of 0.81.

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 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 analyst estimates of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The business's revenue was up 48.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. As a group, sell-side analysts anticipate that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.5109 dividend. The ex-dividend date is Monday, June 16th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a yield of 5.43%. Pembina Pipeline's payout ratio is 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.

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