Swiss National Bank Has $67.60 Million Stock Position in Pembina Pipeline Corp. $PBA

Key Points

• Swiss National Bank trimmed its stake in Pembina Pipeline by 5.3% to 1,671,296 shares, leaving it with a position worth about $67.6 million (≈0.29% ownership) at the end of Q3.
• Pembina announced a quarterly dividend of $0.71 per share (annualized $2.84), with a yield of 6.4%, an ex-dividend date of March 16 and a payout ratio of 106.84%.
• The company reported Q results with $0.56 EPS (beating estimates) but revenue of $1.02 billion missed expectations and was down 10.8% YoY; analysts’ consensus rating is a "Hold" with an average price target of $60.00.

Swiss National Bank reduced its position in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 5.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,671,296 shares of the pipeline company's stock after selling 93,200 shares during the period. Swiss National Bank owned 0.29% of Pembina Pipeline worth $67,604,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PBA. Private Advisor Group LLC bought a new position in Pembina Pipeline in the 3rd quarter worth $230,000. Guardian Partners Inc. boosted its holdings in Pembina Pipeline by 2.4% during the third quarter. Guardian Partners Inc. now owns 247,467 shares of the pipeline company's stock valued at $9,901,000 after acquiring an additional 5,696 shares during the period. Natixis Advisors LLC boosted its holdings in Pembina Pipeline by 7.4% during the third quarter. Natixis Advisors LLC now owns 46,505 shares of the pipeline company's stock valued at $1,882,000 after acquiring an additional 3,208 shares during the period. Korea Investment CORP grew its position in shares of Pembina Pipeline by 47.3% in the third quarter. Korea Investment CORP now owns 300,405 shares of the pipeline company's stock valued at $12,149,000 after purchasing an additional 96,511 shares during the last quarter. Finally, PJT Investments Corp. grew its position in shares of Pembina Pipeline by 1.3% in the third quarter. PJT Investments Corp. now owns 257,837 shares of the pipeline company's stock valued at $10,432,000 after purchasing an additional 3,198 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PBA. BMO Capital Markets reissued a "market perform" rating on shares of Pembina Pipeline in a research report on Friday, February 27th. TD Securities lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Tuesday, February 17th. Weiss Ratings raised Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 2nd. Finally, Zacks Research upgraded Pembina Pipeline from a "strong sell" rating to a "hold" rating in a report on Friday, January 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $60.00.

Pembina Pipeline Stock Down 0.2%

PBA stock opened at $44.52 on Thursday. The company has a market cap of $25.87 billion, a PE ratio of 23.43 and a beta of 0.68. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $45.09. The business's 50-day simple moving average is $41.59 and its 200 day simple moving average is $39.62.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analysts' expectations of $1.41 billion. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The firm's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. On average, research analysts anticipate that Pembina Pipeline Corp. will post 2.15 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.4%. Pembina Pipeline's dividend payout ratio (DPR) is 106.84%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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