Westwood Holdings Group Inc. Sells 405,733 Shares of Pembina Pipeline Co. (NYSE:PBA)

Westwood Holdings Group Inc. trimmed its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 approximately 0.20% of Pembina Pipeline worth $42,154,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $27,000. Principal Securities Inc. lifted 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 valued at $34,000 after buying an additional 883 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Pembina Pipeline by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock valued at $36,000 after buying an additional 880 shares during the period. VSM Wealth Advisory LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $37,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $40,000. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Price Performance

NYSE:PBA traded up $0.36 during mid-day trading on Friday, hitting $37.51. The company's stock had a trading volume of 1,151,616 shares, compared to its average volume of 1,265,372. Pembina Pipeline Co. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $21.79 billion, a price-to-earnings ratio of 15.50 and a beta of 0.81. The stock has a fifty day moving average of $38.16 and a 200-day moving average of $38.15.

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 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business posted $0.73 earnings per share. The company's quarterly revenue was up 48.2% compared to the same quarter last year. As a group, equities analysts forecast 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 given a $0.5109 dividend. This represents a $2.04 annualized dividend and a yield of 5.45%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio is 89.14%.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of 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 issued a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline has an average rating of "Moderate Buy" and an average target price 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.