Ninepoint Partners LP Sells 3,717 Shares of Pembina Pipeline Co. (NYSE:PBA)

Ninepoint Partners LP reduced its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,802 shares of the pipeline company’s stock after selling 3,717 shares during the period. Ninepoint Partners LP’s holdings in Pembina Pipeline were worth $1,060,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PBA. Norges Bank bought a new position in shares of Pembina Pipeline in the fourth quarter worth $132,486,000. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Pembina Pipeline by 340.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,640,000 shares of the pipeline company’s stock worth $79,412,000 after acquiring an additional 2,040,000 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Pembina Pipeline by 403.7% in the first quarter. Wellington Management Group LLP now owns 2,229,313 shares of the pipeline company’s stock worth $83,832,000 after acquiring an additional 1,786,692 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Pembina Pipeline by 36.1% in the second quarter. Goldman Sachs Group Inc. now owns 5,648,817 shares of the pipeline company’s stock worth $199,686,000 after acquiring an additional 1,499,309 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Pembina Pipeline in the first quarter worth $35,692,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Price Performance

Shares of PBA stock traded up $0.68 on Friday, reaching $34.97. The company’s stock had a trading volume of 811,548 shares, compared to its average volume of 1,049,594. 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 Co. has a 12-month low of $28.15 and a 12-month high of $36.17. The company has a market capitalization of $20.26 billion, a P/E ratio of 15.81, a PEG ratio of 5.10 and a beta of 1.20. The stock’s 50 day simple moving average is $34.83 and its 200-day simple moving average is $33.46.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities analysts predict that Pembina Pipeline Co. will post 2.23 earnings per share for the current fiscal 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 given a dividend of $0.4944 per share. 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 dividend on an annualized basis and a yield of 5.66%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 88.69%.

Wall Street Analyst Weigh In

PBA has been the subject of a number of analyst reports. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.33.

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.