Northwestern Mutual Wealth Management Co. Takes Position in Pembina Pipeline Corp. $PBA

Northwestern Mutual Wealth Management Co. bought a new position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,896 shares of the pipeline company’s stock, valued at approximately $596,000.

Several other hedge funds have also bought and sold shares of PBA. Deutsche Bank AG bought a new position in shares of Pembina Pipeline during the 2nd quarter valued at about $262,233,000. Norges Bank purchased a new stake in shares of Pembina Pipeline in the fourth quarter worth about $213,701,000. Ontario Teachers Pension Plan Board bought a new position in Pembina Pipeline during the second quarter valued at approximately $105,984,000. Kayne Anderson Capital Advisors LP bought a new position in Pembina Pipeline during the second quarter valued at approximately $97,704,000. Finally, BCV Asset Management Inc. purchased a new position in Pembina Pipeline during the 4th quarter valued at approximately $61,412,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $48.61 on Thursday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. The firm has a market capitalization of $28.27 billion, a P/E ratio of 23.83 and a beta of 0.57. Pembina Pipeline Corp. has a 1-year low of $36.20 and a 1-year high of $51.58. The company’s 50-day moving average is $48.51 and its 200 day moving average is $46.54.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm earned $0.65 EPS. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. Research analysts forecast that Pembina Pipeline Corp. will post 2.23 EPS for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a $0.735 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.0%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 104.41%.

Analyst Ratings Changes

PBA has been the topic of several recent research reports. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Royal Bank Of Canada boosted their target price on shares of Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. TD Securities reaffirmed a “buy” rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Friday, July 3rd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Pembina Pipeline Company Profile

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.