Two Sigma Advisers LP Sells 38,683 Shares of Pembina Pipeline Co. (NYSE:PBA)

Two Sigma Advisers LP lowered its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 21.4% in the fourth quarter, according to its most recent 13F filing with the SEC. 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 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in Pembina Pipeline by 86.5% during the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock worth $2,226,000 after purchasing an additional 25,031 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Pembina Pipeline by 24.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 33,622 shares of the pipeline company's stock worth $1,242,000 after acquiring an additional 6,514 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth $27,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of Pembina Pipeline by 19.1% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,675,327 shares of the pipeline company's stock valued at $61,903,000 after acquiring an additional 269,062 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Pembina Pipeline by 97.3% in the fourth quarter. Blue Trust Inc. now owns 1,450 shares of the pipeline company's stock valued at $54,000 after purchasing an additional 715 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Down 0.3%

Shares of PBA stock traded down $0.11 on Thursday, reaching $37.27. 938,000 shares of the stock were exchanged, compared to its average volume of 1,272,621. The company has a market capitalization of $21.65 billion, a price-to-earnings ratio of 15.38 and a beta of 0.81. The business's 50 day moving average price is $38.03 and its 200 day moving average price is $38.08. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its quarterly earnings data 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. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The business's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. As a group, sell-side analysts expect that Pembina Pipeline Co. will post 2.15 earnings per share 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. Stockholders of record on Monday, June 16th will be issued a $0.5109 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.48%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date is Monday, June 16th. Pembina Pipeline's payout ratio is presently 89.14%.

Analyst Ratings Changes

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

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.