Pembina Pipeline Co. (NYSE:PBA) Shares Bought by USS Investment Management Ltd

USS Investment Management Ltd lifted its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 54.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,640 shares of the pipeline company's stock after purchasing an additional 39,206 shares during the quarter. USS Investment Management Ltd's holdings in Pembina Pipeline were worth $4,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PBA. Sound Income Strategies LLC purchased a new position in shares of Pembina Pipeline in the fourth quarter worth about $27,000. Principal Securities Inc. raised its stake in shares of Pembina Pipeline by 2,597.1% in the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after purchasing an additional 883 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Pembina Pipeline by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after purchasing an additional 880 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in shares of Pembina Pipeline in the fourth quarter worth about $37,000. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Pembina Pipeline in the fourth quarter worth about $40,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

PBA stock traded down $0.17 during trading on Wednesday, hitting $37.56. 350,036 shares of the company traded hands, compared to its average volume of 1,263,775. The stock's 50-day simple moving average is $38.08 and its 200 day simple moving average is $38.09. 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 company has a market cap of $21.82 billion, a PE ratio of 15.52 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.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly 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 company 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%. Pembina Pipeline's quarterly revenue was up 48.2% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. On average, equities analysts expect that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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. This represents a $2.04 annualized dividend and a yield of 5.44%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's dividend payout ratio (DPR) is currently 89.14%.

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded 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 issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.