Northwestern Mutual Wealth Management Co. Has $1.78 Million Holdings in Pembina Pipeline Corp. $PBA

Northwestern Mutual Wealth Management Co. lifted its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 262.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,752 shares of the pipeline company’s stock after purchasing an additional 33,854 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Pembina Pipeline were worth $1,779,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Pembina Pipeline in the 3rd quarter valued at $31,000. Westside Investment Management Inc. lifted its stake in shares of Pembina Pipeline by 100.0% during the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 404 shares during the period. Physician Wealth Advisors Inc. lifted its stake in shares of Pembina Pipeline by 441.2% during the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 750 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of Pembina Pipeline during the third quarter valued at $40,000. Finally, Larson Financial Group LLC lifted its stake in shares of Pembina Pipeline by 32.4% during the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock valued at $43,000 after acquiring an additional 259 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PBA. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday. BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a report on Tuesday. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Finally, TD Securities upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $47.55 on Thursday. Pembina Pipeline Corp. has a fifty-two week low of $35.45 and a fifty-two week high of $50.10. The business has a fifty day moving average price of $45.46 and a two-hundred day moving average price of $42.10. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. The stock has a market capitalization of $27.64 billion, a PE ratio of 24.76 and a beta of 0.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.07. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the company posted $0.80 EPS. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, equities analysts predict that Pembina Pipeline Corp. will post 2.28 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Monday, June 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s dividend payout ratio is 108.33%.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.