Two Sigma Advisers LP Lowers Stake in Pembina Pipeline Co. (NYSE:PBA)

Two Sigma Advisers LP decreased its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 21.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,200 shares of the pipeline company's stock after selling 38,683 shares during the period. Two Sigma Advisers LP's holdings in Pembina Pipeline were worth $5,254,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of Pembina Pipeline by 8.0% in the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock valued at $8,335,000 after purchasing an additional 16,762 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 period. Jennison Associates LLC lifted its stake in shares of Pembina Pipeline by 32.3% in the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after purchasing an additional 150,689 shares during the period. Bank of Nova Scotia Trust Co. lifted its stake in shares of Pembina Pipeline by 20.9% in the fourth quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock valued at $12,466,000 after purchasing an additional 58,366 shares during the period. Finally, Korea Investment CORP lifted its stake in shares of Pembina Pipeline by 32.7% in the fourth quarter. Korea Investment CORP now owns 440,818 shares of the pipeline company's stock valued at $16,279,000 after purchasing an additional 108,529 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and an average price target of $56.00.

Pembina Pipeline Price Performance

PBA traded up $0.02 during midday trading on Friday, reaching $37.30. 138,333 shares of the company's stock were exchanged, compared to its average volume of 1,275,240. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The stock has a market capitalization of $21.66 billion, a PE ratio of 15.40 and a beta of 0.81. The business's 50-day moving average price is $37.97 and its 200 day moving average price is $38.05. Pembina Pipeline Co. has a 1-year low of $34.13 and a 1-year high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.23. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that Pembina Pipeline Co. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $2.04 dividend on an annualized basis and a yield of 5.48%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is presently 89.14%.

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.