Mirae Asset Global Investments Co. Ltd. Has $45.82 Million Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Mirae Asset Global Investments Co. Ltd. lowered its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,331,137 shares of the pipeline company's stock after selling 72,126 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.24% of Pembina Pipeline worth $45,818,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Pembina Pipeline by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 21,222,536 shares of the pipeline company's stock valued at $637,949,000 after purchasing an additional 351,266 shares during the period. Bank of Nova Scotia raised its stake in Pembina Pipeline by 3.1% during the 3rd quarter. Bank of Nova Scotia now owns 14,665,584 shares of the pipeline company's stock worth $440,966,000 after buying an additional 445,262 shares during the period. Deutsche Bank AG raised its stake in Pembina Pipeline by 1.0% during the 3rd quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company's stock worth $402,538,000 after buying an additional 131,487 shares during the period. Mackenzie Financial Corp raised its stake in Pembina Pipeline by 4.7% during the 3rd quarter. Mackenzie Financial Corp now owns 11,971,170 shares of the pipeline company's stock worth $344,179,000 after buying an additional 534,743 shares during the period. Finally, Toronto Dominion Bank raised its stake in Pembina Pipeline by 8.3% during the 3rd quarter. Toronto Dominion Bank now owns 7,699,608 shares of the pipeline company's stock worth $231,450,000 after buying an additional 593,061 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com raised Pembina Pipeline from a "hold" rating to a "buy" rating in a research note on Friday, March 29th. TheStreet raised Pembina Pipeline from a "c" rating to a "b-" rating in a research note on Thursday, February 29th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $50.33.

Pembina Pipeline Stock Up 0.4 %

Shares of PBA traded up $0.13 during midday trading on Friday, hitting $35.84. The stock had a trading volume of 1,505,126 shares, compared to its average volume of 984,284. The company has a 50 day simple moving average of $34.71 and a two-hundred day simple moving average of $33.21. Pembina Pipeline Co. has a twelve month low of $28.15 and a twelve month high of $36.17. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 5.27 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, analysts anticipate that Pembina Pipeline Co. will post 2.27 EPS for the current year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.4944 dividend. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. This represents a $1.98 annualized dividend and a dividend yield of 5.52%. Pembina Pipeline's dividend payout ratio (DPR) is currently 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.