UBS Group AG Acquires 194,129 Shares of Pembina Pipeline Corp. $PBA

Key Points

• UBS Group AG bought 194,129 shares of Pembina Pipeline in Q4, a 17.1% increase that brought its stake to 1,330,969 shares (about 0.23% ownership) valued at roughly $50.66 million.
• Pembina reported Q4 EPS of $0.56, beating estimates by $0.06, while revenue fell 10.8% year-over-year and the stock trades near $46.28 with a market cap around $26.9 billion.
• The company recently paid a quarterly dividend of $0.71 (annualized $2.84) for a ~6.1% yield and a 109% payout ratio; analysts' consensus rating is "Hold" with an average target price of $60.00.

UBS Group AG boosted its holdings in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,330,969 shares of the pipeline company's stock after purchasing an additional 194,129 shares during the period. UBS Group AG owned approximately 0.23% of Pembina Pipeline worth $50,657,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Larson Financial Group LLC lifted its stake in Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company's stock worth $43,000 after purchasing an additional 259 shares during the last quarter. PFG Investments LLC lifted its stake in Pembina Pipeline by 2.5% in the third quarter. PFG Investments LLC now owns 13,000 shares of the pipeline company's stock worth $526,000 after purchasing an additional 313 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Pembina Pipeline by 0.6% in the third quarter. Public Sector Pension Investment Board now owns 56,339 shares of the pipeline company's stock worth $2,278,000 after purchasing an additional 335 shares during the last quarter. Westside Investment Management Inc. lifted its stake in Pembina Pipeline by 100.0% in the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company's stock worth $32,000 after purchasing an additional 404 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Pembina Pipeline by 2.5% in the fourth quarter. Signaturefd LLC now owns 17,670 shares of the pipeline company's stock worth $673,000 after purchasing an additional 426 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. BMO Capital Markets reissued a "market perform" rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. Wall Street Zen downgraded shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a research note on Saturday. Zacks Research raised shares of Pembina Pipeline from a "strong sell" rating to a "hold" rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. raised their target price on Pembina Pipeline from $55.00 to $60.00 and gave the stock a "neutral" rating in a research note on Thursday, March 19th. Finally, Weiss Ratings upgraded Pembina Pipeline from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of "Hold" and an average target price of $60.00.

Pembina Pipeline Trading Down 0.6%

PBA opened at $46.28 on Wednesday. The business has a 50 day simple moving average of $44.35 and a two-hundred day simple moving average of $40.97. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 24.36 and a beta of 0.58. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Pembina Pipeline Corp. has a one year low of $35.45 and a one year high of $46.73.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company posted $0.92 EPS. Pembina Pipeline's quarterly revenue was down 10.8% compared to the same quarter last year. Analysts predict that Pembina Pipeline Corp. will post 2.18 EPS for the current year.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Monday, March 16th. Pembina Pipeline's dividend payout ratio is presently 109.47%.

About Pembina Pipeline

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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