Northern Trust Corp Boosts Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Northern Trust Corp boosted its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 46.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 425,745 shares of the pipeline company's stock after acquiring an additional 135,177 shares during the quarter. Northern Trust Corp owned about 0.07% of Pembina Pipeline worth $15,731,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prosperity Consulting Group LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at about $269,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at about $9,082,000. Syon Capital LLC purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at about $284,000. Yaupon Capital Management LP purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at about $9,027,000. Finally, Hsbc Holdings PLC raised its stake in shares of Pembina Pipeline by 2.6% during the 4th quarter. Hsbc Holdings PLC now owns 1,141,770 shares of the pipeline company's stock valued at $42,147,000 after buying an additional 29,427 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock 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 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 1 year low of $34.13 and a 1 year high of $43.44. The firm has a fifty day moving average price of $38.31 and a 200-day moving average price of $38.31. The company has a market capitalization of $21.87 billion, a price-to-earnings 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 for the quarter, beating the consensus estimate of $0.57 by $0.23. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business earned $0.73 EPS. Pembina Pipeline's revenue for the quarter was up 48.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pembina Pipeline Co. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.5109 per share. This is a positive change 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 is Monday, June 16th. Pembina Pipeline's payout ratio is 89.14%.

Wall Street Analyst Weigh In

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

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.