Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Nuveen Asset Management LLC

Nuveen Asset Management LLC grew its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 28.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,943,874 shares of the pipeline company’s stock after purchasing an additional 435,763 shares during the quarter. Nuveen Asset Management LLC’s holdings in Pembina Pipeline were worth $71,784,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Pembina Pipeline by 21.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,616,105 shares of the pipeline company’s stock valued at $96,665,000 after purchasing an additional 460,646 shares during the last quarter. Letko Brosseau & Associates Inc. grew its position in shares of Pembina Pipeline by 15.1% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 13,682 shares of the pipeline company’s stock valued at $505,000 after purchasing an additional 1,800 shares during the last quarter. Deutsche Bank AG grew its position in shares of Pembina Pipeline by 3.0% in the fourth quarter. Deutsche Bank AG now owns 14,247,662 shares of the pipeline company’s stock valued at $526,451,000 after purchasing an additional 413,373 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Pembina Pipeline by 78.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 858,478 shares of the pipeline company’s stock valued at $31,721,000 after purchasing an additional 378,312 shares during the last quarter. Finally, Dunhill Financial LLC grew its position in shares of Pembina Pipeline by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company’s stock valued at $50,000 after purchasing an additional 675 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $56.00.

Pembina Pipeline Stock Up 0.1%

Shares of NYSE PBA opened at $37.64 on Friday. Pembina Pipeline Co. has a 1 year low of $34.13 and a 1 year high of $43.44. The firm’s 50 day moving average price is $38.31 and its 200 day moving average price is $38.28. The firm has a market cap of $21.87 billion, a P/E ratio of 15.56 and a beta of 0.81. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.23. Pembina Pipeline had a net margin of 25.39% and a return on equity of 13.62%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the business earned $0.73 earnings per share. Pembina Pipeline’s revenue was up 48.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pembina Pipeline Co. will post 2.15 earnings per share for the current year.

Pembina Pipeline Increases Dividend

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

About Pembina Pipeline

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.