Broderick Brian C Has $1.08 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

Broderick Brian C raised its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 16.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,524 shares of the pipeline company’s stock after acquiring an additional 4,400 shares during the quarter. Broderick Brian C’s holdings in Pembina Pipeline were worth $1,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBA. Vanguard Group Inc. boosted its stake in shares of Pembina Pipeline by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 21,592,770 shares of the pipeline company’s stock valued at $743,223,000 after purchasing an additional 370,234 shares during the last quarter. Bank of Nova Scotia boosted its stake in shares of Pembina Pipeline by 1.2% in the 4th quarter. Bank of Nova Scotia now owns 14,837,544 shares of the pipeline company’s stock valued at $510,857,000 after purchasing an additional 171,960 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Pembina Pipeline by 1.0% in the 3rd quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company’s stock valued at $402,538,000 after purchasing an additional 131,487 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Pembina Pipeline by 5.7% during the 4th quarter. Mackenzie Financial Corp now owns 12,652,115 shares of the pipeline company’s stock worth $435,812,000 after acquiring an additional 680,945 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Pembina Pipeline by 7.7% during the 4th quarter. CIBC Asset Management Inc now owns 6,062,012 shares of the pipeline company’s stock worth $209,376,000 after acquiring an additional 433,212 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

PBA traded down $0.09 on Thursday, hitting $37.52. 1,428,008 shares of the stock were exchanged, compared to its average volume of 1,120,991. Pembina Pipeline Co. has a 12 month low of $28.15 and a 12 month high of $37.90. The business has a 50-day moving average of $36.83 and a two-hundred day moving average of $35.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.03 and a quick ratio of 0.93. The firm has a market capitalization of $21.76 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 5.33 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, May 9th. The pipeline company reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. Sell-side analysts forecast that Pembina Pipeline Co. will post 2.33 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.501 dividend. The ex-dividend date was Monday, June 17th. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is currently 86.96%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. CIBC lifted their price objective on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. StockNews.com downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Finally, Scotiabank downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $52.00.

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.