Vanguard Group Inc. Has $1.04 Billion Stock Position in Pembina Pipeline Corp. $PBA

Key Points

• Vanguard Group Inc. raised its stake to 27,233,442 shares, representing about 4.69% of Pembina and worth roughly $1.04 billion in the latest SEC filing.
• Pembina pays a 6.1% yield (annualized $2.84), but the dividend payout ratio is 109.47%, suggesting the dividend may be unsustainably high relative to earnings.
• Analysts are mixed with a consensus rating of "Hold" and an average price target of $60, while the company recently reported an EPS beat but a notable year-over-year revenue decline.

Vanguard Group Inc. boosted its stake in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 27,233,442 shares of the pipeline company's stock after buying an additional 541,615 shares during the period. Vanguard Group Inc. owned approximately 4.69% of Pembina Pipeline worth $1,037,512,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $31,000. Westside Investment Management Inc. lifted its holdings in shares of Pembina Pipeline by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company's stock worth $32,000 after acquiring an additional 404 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in shares of Pembina Pipeline by 441.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company's stock worth $37,000 after acquiring an additional 750 shares during the period. Golden State Wealth Management LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $40,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Pembina Pipeline by 32.4% during the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company's stock worth $43,000 after acquiring an additional 259 shares during the period. Institutional investors own 55.37% of the company's stock.

Analysts Set New Price Targets

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

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $46.47 on Friday. The company has a market cap of $27.02 billion, a price-to-earnings ratio of 24.46 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. The firm has a 50 day simple moving average of $44.30 and a 200 day simple moving average of $40.89. Pembina Pipeline Corp. has a one year low of $35.45 and a one year high of $46.70.

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

Pembina Pipeline Dividend Announcement

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

Pembina Pipeline Company Profile

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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