Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Swiss National Bank

Swiss National Bank reduced its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 3.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,785,696 shares of the pipeline company's stock after selling 58,000 shares during the quarter. Swiss National Bank owned 0.33% of Pembina Pipeline worth $61,593,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Baystate Wealth Management LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter worth $34,000. Rational Advisors LLC purchased a new stake in Pembina Pipeline during the 3rd quarter valued at $59,000. Massmutual Trust Co. FSB ADV lifted its position in Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company's stock valued at $61,000 after purchasing an additional 329 shares in the last quarter. Pacifica Partners Inc. raised its holdings in Pembina Pipeline by 159.0% during the fourth quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company's stock valued at $68,000 after acquiring an additional 1,240 shares during the period. Finally, NBC Securities Inc. bought a new stake in shares of Pembina Pipeline in the third quarter worth about $136,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PBA. StockNews.com raised shares of Pembina Pipeline from a "hold" rating to a "buy" rating in a research note on Friday, April 12th. TheStreet raised Pembina Pipeline from a "c" rating to a "b-" rating in a report on Thursday, February 29th. Finally, CIBC increased their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an "outperformer" rating in a report on Friday, April 19th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $52.00.

Pembina Pipeline Trading Up 1.1 %

Pembina Pipeline stock traded up $0.38 during midday trading on Monday, hitting $35.89. 926,420 shares of the stock were exchanged, compared to its average volume of 1,037,027. The company has a fifty day simple moving average of $35.16 and a two-hundred day simple moving average of $33.94. Pembina Pipeline Co. has a 52 week low of $28.15 and a 52 week high of $36.17. The stock has a market capitalization of $20.80 billion, a PE ratio of 16.07, a P/E/G ratio of 5.28 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.55 by $0.34. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. Equities research analysts anticipate that Pembina Pipeline Co. will post 2.24 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.4944 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.98 annualized dividend and a yield of 5.51%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio 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.