Pembina Pipeline Co. (NYSE:PBA) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 0.12% of Pembina Pipeline worth $26,317,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Pembina Pipeline in the 4th quarter worth $171,860,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Pembina Pipeline in the 4th quarter worth $73,073,000. Hillsdale Investment Management Inc. lifted its holdings in shares of Pembina Pipeline by 338.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock worth $47,598,000 after buying an additional 995,735 shares during the period. AGF Management Ltd. lifted its holdings in shares of Pembina Pipeline by 612.7% in the 4th quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock worth $40,025,000 after buying an additional 929,206 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Pembina Pipeline by 30.4% in the 4th quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock worth $133,449,000 after buying an additional 824,232 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Up 0.5%

Shares of NYSE PBA traded up $0.20 during mid-day trading on Friday, reaching $37.48. 1,504,892 shares of the company were exchanged, compared to its average volume of 1,282,392. 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 stock has a market cap of $21.77 billion, a price-to-earnings ratio of 15.49 and a beta of 0.81. Pembina Pipeline Co. has a 1 year low of $34.13 and a 1 year high of $43.44. The firm has a 50-day moving average of $37.92 and a 200 day moving average of $38.00.

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 for the quarter, topping analysts' consensus estimates of $0.57 by $0.23. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The firm's quarterly revenue was up 48.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, research analysts expect that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.5109 per share. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date is Monday, June 16th. Pembina Pipeline's dividend payout ratio is 89.14%.

Analysts Set New Price Targets

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 given a buy rating to the company. According to MarketBeat, Pembina Pipeline presently has an average rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline 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.