Miller Howard Investments Inc. NY Sells 113,122 Shares of Pembina Pipeline Corp. (NYSE:PBA)

Miller Howard Investments Inc. NY lessened its stake in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 20.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 438,954 shares of the pipeline company's stock after selling 113,122 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.08% of Pembina Pipeline worth $17,571,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in Pembina Pipeline by 8.3% during the fourth quarter. Bank of New York Mellon Corp now owns 496,084 shares of the pipeline company's stock worth $18,330,000 after buying an additional 38,140 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of Pembina Pipeline by 4.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 19,521 shares of the pipeline company's stock valued at $721,000 after acquiring an additional 846 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Pembina Pipeline by 17.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,084 shares of the pipeline company's stock valued at $299,000 after acquiring an additional 1,188 shares during the last quarter. US Bancorp DE grew its holdings in shares of Pembina Pipeline by 10.2% during the fourth quarter. US Bancorp DE now owns 12,303 shares of the pipeline company's stock worth $455,000 after purchasing an additional 1,142 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Pembina Pipeline by 24.8% in the fourth quarter. Jones Financial Companies Lllp now owns 24,147 shares of the pipeline company's stock worth $892,000 after purchasing an additional 4,806 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on PBA. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research note on Thursday, June 26th. National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Finally, Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Pembina Pipeline has an average rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline Trading Up 0.1%

Shares of NYSE:PBA traded up $0.02 on Wednesday, reaching $37.38. 1,400,425 shares of the company traded hands, compared to its average volume of 1,301,867. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.75. The business's 50-day simple moving average is $37.77 and its 200 day simple moving average is $37.50. The stock has a market capitalization of $21.71 billion, a P/E ratio of 16.91 and a beta of 0.76.

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 return on equity of 12.61% and a net margin of 23.73%. The business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $0.73 EPS. Pembina Pipeline's revenue for the quarter was up 48.2% compared to the same quarter last year. As a group, equities analysts anticipate that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.5109 dividend. This represents a $2.04 annualized dividend and a dividend yield of 5.47%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date was Monday, June 16th. Pembina Pipeline's payout ratio is presently 93.67%.

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.