Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,709,025 shares of the pipeline company’s stock after selling 15,448 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Pembina Pipeline were worth $63,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Mediolanum International Funds Ltd acquired a new stake in Pembina Pipeline during the first quarter valued at approximately $1,745,000. Quantbot Technologies LP increased its holdings in shares of Pembina Pipeline by 10,862.7% in the first quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock valued at $1,143,000 after buying an additional 32,045 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Pembina Pipeline by 2.4% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock valued at $45,360,000 after acquiring an additional 29,743 shares during the last quarter. UBS Group AG boosted its stake in shares of Pembina Pipeline by 24.2% during the 4th quarter. UBS Group AG now owns 378,415 shares of the pipeline company’s stock worth $13,025,000 after acquiring an additional 73,776 shares in the last quarter. Finally, Cetera Advisors LLC grew its holdings in shares of Pembina Pipeline by 248.9% in the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock worth $1,129,000 after acquiring an additional 22,790 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

PBA opened at $41.16 on Friday. The firm has a market capitalization of $23.87 billion, a P/E ratio of 17.90, a PEG ratio of 5.67 and a beta of 1.25. The stock has a fifty day moving average of $39.45 and a 200-day moving average of $37.33. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77. Pembina Pipeline Co. has a 12-month low of $28.15 and a 12-month high of $41.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.21. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.44 billion. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business’s revenue for the quarter was up 30.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. Equities analysts forecast that Pembina Pipeline Co. will post 2.42 EPS for the current fiscal year.

Pembina Pipeline Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.