Public Employees Retirement System of Ohio Acquires 71,482 Shares of Pembina Pipeline Co. (NYSE:PBA)

Public Employees Retirement System of Ohio boosted its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 140.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 122,237 shares of the pipeline company's stock after buying an additional 71,482 shares during the period. Public Employees Retirement System of Ohio's holdings in Pembina Pipeline were worth $4,515,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PBA. Headlands Technologies LLC raised its holdings in shares of Pembina Pipeline by 23.2% in the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock valued at $65,000 after purchasing an additional 333 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Pembina Pipeline by 1.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock valued at $846,000 after purchasing an additional 348 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Pembina Pipeline by 4.5% in the fourth 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 last quarter. MONECO Advisors LLC raised 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 during the last quarter. Finally, Dunhill Financial LLC raised its holdings in shares of Pembina Pipeline by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock valued at $50,000 after purchasing an additional 675 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Stock Up 0.5%

Shares of NYSE:PBA traded up $0.20 during midday trading on Friday, hitting $37.48. The stock had a trading volume of 1,504,892 shares, compared to its average volume of 1,282,392. Pembina Pipeline Co. has a 12 month low of $34.13 and a 12 month high of $43.44. 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 business's 50-day simple moving average is $37.92 and its 200-day simple moving average is $38.03. The company has a market cap of $21.77 billion, a P/E ratio of 15.49 and a beta of 0.81.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating 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 business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period last year, the business earned $0.73 earnings per share. The firm's revenue was up 48.2% on a year-over-year basis. On average, sell-side analysts forecast that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.5109 per share. This represents a $2.04 dividend on an annualized basis and a yield of 5.45%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's payout ratio is 89.14%.

Analyst Upgrades and Downgrades

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