Pembina Pipeline Co. (NYSE:PBA) Stock Holdings Lowered by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 36.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 789,690 shares of the pipeline company's stock after selling 462,069 shares during the quarter. Wellington Management Group LLP owned 0.14% of Pembina Pipeline worth $29,162,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PBA. Barclays PLC grew its stake in Pembina Pipeline by 86.5% during the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock worth $2,226,000 after buying an additional 25,031 shares during the period. Blue Trust Inc. lifted its holdings in shares of Pembina Pipeline by 97.3% during the 4th quarter. Blue Trust Inc. now owns 1,450 shares of the pipeline company's stock valued at $54,000 after acquiring an additional 715 shares in the last quarter. Caprock Group LLC purchased a new stake in Pembina Pipeline during the 4th quarter worth $235,000. Greenleaf Trust increased its holdings in Pembina Pipeline by 9.9% in the 4th quarter. Greenleaf Trust now owns 9,472 shares of the pipeline company's stock valued at $350,000 after purchasing an additional 850 shares in the last quarter. Finally, Jennison Associates LLC raised its position in Pembina Pipeline by 32.3% in the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after purchasing an additional 150,689 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

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 analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Pembina Pipeline presently has an average rating of "Moderate Buy" and an average price target of $56.00.

Pembina Pipeline Stock Down 0.4%

Shares of Pembina Pipeline stock traded down $0.17 during trading on Wednesday, reaching $37.81. The company had a trading volume of 878,243 shares, compared to its average volume of 1,282,891. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The firm's fifty day moving average is $37.80 and its 200-day moving average is $37.95. The company has a market cap of $21.96 billion, a price-to-earnings ratio of 15.62 and a beta of 0.81.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.23. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company's revenue for the quarter was up 48.2% compared to the same quarter last year. On average, analysts anticipate that Pembina Pipeline Co. will post 2.15 EPS for the current year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.5109 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.40%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date is Monday, June 16th. Pembina Pipeline's dividend payout ratio is presently 89.14%.

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.