Intech Investment Management LLC Trims Stock Holdings in Pembina Pipeline Corp. $PBA

Intech Investment Management LLC lessened its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 46.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,559 shares of the pipeline company’s stock after selling 38,211 shares during the quarter. Intech Investment Management LLC’s holdings in Pembina Pipeline were worth $1,762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PBA. Westside Investment Management Inc. raised its stake in shares of Pembina Pipeline by 100.0% in the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 404 shares during the last quarter. Physician Wealth Advisors Inc. raised its position in Pembina Pipeline by 441.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after buying an additional 750 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $40,000. Mather Group LLC. acquired a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $45,000. Finally, State of Wyoming purchased a new stake in shares of Pembina Pipeline in the 2nd quarter valued at $58,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Down 0.4%

PBA stock opened at $44.31 on Friday. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $45.09. The company has a quick ratio of 0.41, a current ratio of 0.61 and a debt-to-equity ratio of 0.80. The firm has a market cap of $25.75 billion, a P/E ratio of 23.32 and a beta of 0.68. The company’s 50-day simple moving average is $41.06 and its 200-day simple moving average is $39.41.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.Pembina Pipeline’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. As a group, equities analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.4%. Pembina Pipeline’s dividend payout ratio (DPR) is 106.84%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. TD Securities cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.