Public Employees Retirement System of Ohio Increases Holdings in Pembina Pipeline Co. (NYSE:PBA)

Public Employees Retirement System of Ohio lifted its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 140.8% in 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 purchasing an additional 71,482 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Pembina Pipeline were worth $4,515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PBA. Principal Securities Inc. grew 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 in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Pembina Pipeline by 880.0% during the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after acquiring an additional 880 shares in the last quarter. VSM Wealth Advisory LLC acquired a new position in Pembina Pipeline during the fourth quarter worth about $37,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Pembina Pipeline during the 4th quarter worth $40,000. Finally, Dunhill Financial LLC grew its position in shares of Pembina Pipeline by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock valued at $50,000 after buying an additional 675 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Performance

Pembina Pipeline stock traded up $0.02 during mid-day trading on Tuesday, reaching $37.98. 1,050,356 shares of the company's stock were exchanged, compared to its average volume of 1,282,412. Pembina Pipeline Co. has a one year low of $34.13 and a one year high of $43.44. The business's fifty day simple moving average is $37.84 and its 200 day simple moving average is $37.95. 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 capitalization of $22.06 billion, a PE ratio of 15.69 and a beta of 0.81.

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

Pembina Pipeline Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's dividend payout ratio (DPR) 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.