UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Position in Pembina Pipeline Co. (NYSE:PBA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 712,224 shares of the pipeline company's stock after selling 47,321 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Pembina Pipeline worth $26,317,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Headlands Technologies LLC lifted its stake in 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 buying an additional 333 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Pembina Pipeline by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock worth $846,000 after purchasing an additional 348 shares during the period. NewEdge Advisors LLC boosted its stake in Pembina Pipeline by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company's stock worth $365,000 after purchasing an additional 430 shares during the period. MONECO Advisors LLC grew its position in Pembina Pipeline by 9.9% during the 4th quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company's stock worth $220,000 after purchasing an additional 537 shares during the last quarter. Finally, Dunhill Financial LLC increased its stake in 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 period. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

Shares of NYSE PBA traded down $0.35 during mid-day trading on Wednesday, hitting $37.37. 2,305,415 shares of the company were exchanged, compared to its average volume of 1,273,158. The stock has a 50 day simple moving average of $38.03 and a 200-day simple moving average of $38.08. Pembina Pipeline Co. has a 1-year low of $34.13 and a 1-year 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 firm has a market cap of $21.71 billion, a price-to-earnings ratio of 15.44 and a beta of 0.81.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued 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. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The business's quarterly revenue was up 48.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 earnings per share. On average, sell-side analysts forecast 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. 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. This represents a $2.04 annualized dividend and a yield of 5.47%. Pembina Pipeline's payout ratio is presently 89.14%.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Pembina Pipeline has an average rating of "Moderate Buy" and an average price target 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.