First Horizon Advisors Inc. Purchases 1,142 Shares of Pembina Pipeline Co. (NYSE:PBA)

First Horizon Advisors Inc. increased its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 303.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,518 shares of the pipeline company’s stock after acquiring an additional 1,142 shares during the period. First Horizon Advisors Inc.’s holdings in Pembina Pipeline were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PBA. Healthcare of Ontario Pension Plan Trust Fund increased 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 purchasing an additional 2,040,000 shares during the period. Mackenzie Financial Corp grew its position in Pembina Pipeline by 5.7% during the fourth quarter. Mackenzie Financial Corp now owns 12,652,115 shares of the pipeline company’s stock worth $435,812,000 after buying an additional 680,945 shares in the last quarter. Toronto Dominion Bank increased its stake in Pembina Pipeline by 8.3% in the 3rd quarter. Toronto Dominion Bank now owns 7,699,608 shares of the pipeline company’s stock worth $231,450,000 after acquiring an additional 593,061 shares during the last quarter. Triasima Portfolio Management inc. purchased a new stake in shares of Pembina Pipeline in the 4th quarter valued at about $17,285,000. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Pembina Pipeline by 44.9% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 1,556,638 shares of the pipeline company’s stock valued at $53,850,000 after acquiring an additional 482,067 shares during the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Up 0.4 %

Shares of PBA opened at $36.03 on Wednesday. Pembina Pipeline Co. has a 1 year low of $28.15 and a 1 year high of $36.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a 50 day simple moving average of $35.20 and a two-hundred day simple moving average of $34.02. The firm has a market cap of $20.88 billion, a P/E ratio of 16.30, a P/E/G ratio of 5.28 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.81 billion during 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%. On average, analysts forecast that Pembina Pipeline Co. will post 2.24 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.4944 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.98 annualized dividend and a dividend yield of 5.49%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s payout ratio is currently 89.14%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PBA shares. CIBC upped their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research report on Friday, April 19th. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

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.