Rhumbline Advisers Has $162,000 Holdings in Pembina Pipeline Co. (NYSE:PBA)

Rhumbline Advisers cut its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 23.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,370 shares of the pipeline company’s stock after selling 1,305 shares during the quarter. Rhumbline Advisers’ holdings in Pembina Pipeline were worth $162,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new stake in shares of Pembina Pipeline in the fourth quarter worth $25,000. Beacon Capital Management LLC acquired a new position in shares of Pembina Pipeline during the first quarter valued at about $37,000. Creekmur Asset Management LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $62,000. Massmutual Trust Co. FSB ADV grew its position in Pembina Pipeline by 47.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,511 shares of the pipeline company’s stock worth $93,000 after buying an additional 805 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in Pembina Pipeline in the first quarter valued at $88,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of PBA opened at $41.16 on Monday. The stock’s 50-day moving average price is $39.52 and its two-hundred day moving average price is $37.39. Pembina Pipeline Co. has a 1 year low of $28.15 and a 1 year high of $41.58. The stock has a market cap of $23.89 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 5.70 and a beta of 1.25. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.21. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The company’s revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.45 earnings per share. On average, equities analysts predict that Pembina Pipeline Co. will post 2.42 earnings per share for the current year.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s dividend payout ratio is presently 88.70%.

Analyst Ratings Changes

Several brokerages recently issued reports on PBA. Citigroup lifted their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. UBS Group initiated coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Company 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.