Massmutual Trust Co. FSB ADV Raises Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Massmutual Trust Co. FSB ADV boosted its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 47.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,511 shares of the pipeline company’s stock after purchasing an additional 805 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Pembina Pipeline were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of PBA. ICA Group Wealth Management LLC purchased a new stake in shares of Pembina Pipeline in the fourth quarter worth $25,000. Baystate Wealth Management LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter valued at about $34,000. EverSource Wealth Advisors LLC boosted its position in shares of Pembina Pipeline by 74.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after acquiring an additional 462 shares during the last quarter. Beacon Capital Management LLC purchased a new position in shares of Pembina Pipeline during the first quarter worth about $37,000. Finally, First Horizon Advisors Inc. increased its position in shares of Pembina Pipeline by 303.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 1,142 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on PBA. CIBC lifted their target price on shares of Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research report 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 lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Pembina Pipeline currently has a consensus rating of “Hold” and a consensus target price of $52.67.

Pembina Pipeline Trading Up 0.9 %

Shares of PBA traded up $0.35 during mid-day trading on Tuesday, reaching $38.05. The company’s stock had a trading volume of 1,329,314 shares, compared to its average volume of 1,105,012. The company has a current ratio of 1.03, a quick ratio of 0.93 and a debt-to-equity ratio of 0.78. Pembina Pipeline Co. has a 52 week low of $28.15 and a 52 week high of $39.00. The company’s fifty day moving average price is $37.32 and its two-hundred day moving average price is $35.89. The stock has a market cap of $22.07 billion, a PE ratio of 16.56, a P/E/G ratio of 5.42 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.33%. On average, analysts predict that Pembina Pipeline Co. will post 2.37 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a dividend of $0.501 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Monday, June 17th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. Pembina Pipeline’s dividend payout ratio is 87.83%.

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.