Yousif Capital Management LLC bought a new stake in Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 8,519 shares of the pipeline company’s stock, valued at approximately $258,000.
Other hedge funds also recently modified their holdings of the company. Syverson Strege & Co acquired a new position in shares of Pembina Pipeline during the fourth quarter worth approximately $26,000. Achmea Investment Management B.V. purchased a new position in Pembina Pipeline during the 3rd quarter worth approximately $29,000. M&R Capital Management Inc. purchased a new position in Pembina Pipeline during the 4th quarter worth approximately $29,000. Trust Co. of Vermont purchased a new position in Pembina Pipeline during the 4th quarter worth approximately $30,000. Finally, Rockefeller Capital Management L.P. purchased a new position in Pembina Pipeline during the 3rd quarter worth approximately $31,000. Institutional investors own 53.42% of the company’s stock.
Several equities analysts have recently commented on PBA shares. National Bank Financial boosted their price target on shares of Pembina Pipeline from C$44.00 to C$45.00 in a report on Thursday, March 3rd. BMO Capital Markets upgraded shares of Pembina Pipeline from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 1st. Scotiabank boosted their price target on shares of Pembina Pipeline from C$49.00 to C$54.00 in a report on Tuesday. TD Securities started coverage on shares of Pembina Pipeline in a report on Thursday, March 3rd. They set a “buy” rating on the stock. Finally, Royal Bank of Canada boosted their price target on shares of Pembina Pipeline from C$48.00 to C$49.00 in a report on Thursday, March 3rd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Buy” and a consensus price target of $45.25.
Pembina Pipeline (NYSE:PBA – Get Rating) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 24th. The pipeline company reported $0.06 earnings per share for the quarter. The firm had revenue of $2.56 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Pembina Pipeline had a net margin of 13.81% and a return on equity of 10.00%. The company’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.42 earnings per share. As a group, equities research analysts predict that Pembina Pipeline Co. will post 2.22 EPS for the current year.
The business also recently declared a monthly dividend, which will be paid on Friday, May 13th. Stockholders of record on Monday, April 25th will be paid a dividend of $0.168 per share. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.17. This represents a $2.02 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Friday, April 22nd. Pembina Pipeline’s dividend payout ratio is 126.75%.
About Pembina Pipeline (Get Rating)
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.
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