Deutsche Bank AG Purchases 413,373 Shares of Pembina Pipeline Co. (NYSE:PBA)

Deutsche Bank AG grew its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,247,662 shares of the pipeline company's stock after purchasing an additional 413,373 shares during the period. Deutsche Bank AG owned approximately 2.45% of Pembina Pipeline worth $526,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Versant Capital Management Inc purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC bought a new stake in Pembina Pipeline during the 4th quarter valued at $27,000. Eastern Bank acquired a new position in Pembina Pipeline during the fourth quarter valued at $29,000. Principal Securities Inc. grew its stake in shares of Pembina Pipeline by 2,597.1% in the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock valued at $34,000 after buying an additional 883 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Pembina Pipeline by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock valued at $36,000 after acquiring an additional 880 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded up $0.42 during midday trading on Tuesday, reaching $37.45. The company had a trading volume of 390,287 shares, compared to its average volume of 1,263,153. Pembina Pipeline Co. has a 1-year low of $34.13 and a 1-year high of $43.44. The stock has a fifty day simple moving average of $38.36 and a 200 day simple moving average of $38.38. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 15.48 and a beta of 0.81.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last released its quarterly earnings data on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, topping 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 business had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm earned $0.73 EPS. Pembina Pipeline's quarterly revenue was up 48.2% compared to the same quarter last year. As a group, equities research analysts forecast that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.5109 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is 89.14%.

Analyst Ratings Changes

Several equities analysts have commented on PBA shares. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Four 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 company presently 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.