Mn Services Vermogensbeheer B.V. reduced its holdings in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 1.3% during the first quarter, Holdings Channel reports. The institutional investor owned 191,164 shares of the pipeline company’s stock after selling 2,500 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Pembina Pipeline were worth $9,384,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its holdings in Pembina Pipeline by 28.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 628,192 shares of the pipeline company’s stock valued at $21,352,000 after purchasing an additional 139,644 shares during the last quarter. BlackRock Inc. boosted its position in Pembina Pipeline by 2.1% in the 3rd quarter. BlackRock Inc. now owns 273,777 shares of the pipeline company’s stock valued at $9,306,000 after buying an additional 5,633 shares during the period. Dimensional Fund Advisors LP boosted its position in Pembina Pipeline by 6.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 203,626 shares of the pipeline company’s stock valued at $6,921,000 after buying an additional 12,651 shares during the period. JPMorgan Chase & Co. boosted its position in Pembina Pipeline by 297.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 700,309 shares of the pipeline company’s stock valued at $23,805,000 after buying an additional 524,204 shares during the period. Finally, AQR Capital Management LLC purchased a new position in Pembina Pipeline in the 3rd quarter valued at approximately $532,000. Institutional investors own 51.88% of the company’s stock.

Several equities analysts have commented on PBA shares. Scotiabank reissued a “buy” rating on shares of Pembina Pipeline in a research report on Tuesday, February 5th. Macquarie reissued a “buy” rating on shares of Pembina Pipeline in a research report on Tuesday, February 5th. AltaCorp Capital reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.00.

Pembina Pipeline stock opened at $35.43 on Wednesday. The firm has a market cap of $17.99 billion, a PE ratio of 20.02, a PEG ratio of 3.42 and a beta of 0.88. Pembina Pipeline Corp has a 12-month low of $28.30 and a 12-month high of $37.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.50.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Pembina Pipeline had a return on equity of 10.61% and a net margin of 16.39%. Pembina Pipeline’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. As a group, sell-side analysts forecast that Pembina Pipeline Corp will post 1.72 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.1486 per share. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.14. This represents a $1.78 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend is Thursday, May 23rd. Pembina Pipeline’s payout ratio is 96.61%.

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About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

Further Reading: Support Level

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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