MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $96.67 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,616,105 shares of the pipeline company's stock after acquiring an additional 460,646 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.45% of Pembina Pipeline worth $96,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PBA. Norges Bank acquired a new position in Pembina Pipeline during the 4th quarter worth approximately $171,860,000. Arrowstreet Capital Limited Partnership acquired a new position in Pembina Pipeline during the 4th quarter worth approximately $73,073,000. Hillsdale Investment Management Inc. increased its position in Pembina Pipeline by 338.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock worth $47,598,000 after purchasing an additional 995,735 shares in the last quarter. AGF Management Ltd. increased its position in Pembina Pipeline by 612.7% during the 4th quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock worth $40,025,000 after purchasing an additional 929,206 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Pembina Pipeline by 30.4% during the 4th quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock worth $133,449,000 after purchasing an additional 824,232 shares in the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 0.1%

NYSE PBA traded up $0.03 on Friday, hitting $37.64. The company's stock had a trading volume of 810,109 shares, compared to its average volume of 1,269,717. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 1-year low of $34.13 and a 1-year high of $43.44. The company's 50-day moving average is $38.31 and its 200 day moving average is $38.28. The firm has a market cap of $21.87 billion, a PE ratio of 15.56 and a beta of 0.81.

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 (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same period in the prior year, the company posted $0.73 EPS. The company's revenue was up 48.2% on a year-over-year basis. As a group, analysts predict that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a $0.5109 dividend. 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 5.43%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's dividend payout ratio is 89.14%.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Pembina Pipeline Company 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.