Schonfeld Strategic Advisors LLC Sells 129,621 Shares of Pembina Pipeline Co. (NYSE:PBA)

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 95.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,479 shares of the pipeline company's stock after selling 129,621 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Pembina Pipeline were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PBA. Sound Income Strategies LLC purchased a new position in Pembina Pipeline during the fourth quarter worth about $27,000. Eastern Bank bought a new stake in Pembina Pipeline during the fourth quarter worth about $29,000. Principal Securities Inc. lifted its stake in Pembina Pipeline by 2,597.1% during the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after purchasing an additional 883 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Pembina Pipeline by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after purchasing an additional 880 shares during the last quarter. Finally, VSM Wealth Advisory LLC bought a new stake in Pembina Pipeline during the fourth quarter worth about $37,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

PBA stock traded up $0.03 during mid-day trading on Friday, hitting $37.64. 810,109 shares of the stock were exchanged, compared to its average volume of 1,267,212. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The business has a fifty day moving average price of $38.31 and a 200 day moving average price of $38.31. Pembina Pipeline Co. has a 12 month low of $34.13 and a 12 month high of $43.44. The stock 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 released its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.23. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The company 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 company posted $0.73 EPS. Pembina Pipeline's revenue for the quarter was up 48.2% on a year-over-year basis. On average, sell-side analysts anticipate that Pembina Pipeline Co. will post 2.15 EPS for the current year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.5109 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is 89.14%.

Analyst Ratings Changes

Separately, Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline 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.