Wealth Enhancement Advisory Services LLC Has $609,000 Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Wealth Enhancement Advisory Services LLC increased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,757 shares of the pipeline company’s stock after purchasing an additional 1,199 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Pembina Pipeline were worth $609,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Tectonic Advisors LLC bought a new stake in Pembina Pipeline in the third quarter valued at approximately $301,000. Assenagon Asset Management S.A. increased its holdings in shares of Pembina Pipeline by 16.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 24,697 shares of the pipeline company’s stock worth $1,019,000 after acquiring an additional 3,399 shares during the last quarter. CENTRAL TRUST Co raised its stake in Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 325 shares during the period. Signaturefd LLC lifted its holdings in Pembina Pipeline by 11.0% during the 3rd quarter. Signaturefd LLC now owns 16,486 shares of the pipeline company’s stock valued at $680,000 after purchasing an additional 1,635 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Pembina Pipeline by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock worth $527,000 after purchasing an additional 860 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PBA shares. Citigroup increased their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research report on Wednesday, August 28th. UBS Group initiated coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Finally, Raymond James began coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Up 1.7 %

PBA opened at $41.22 on Friday. The stock has a fifty day moving average of $41.60 and a 200-day moving average of $38.80. The company has a market capitalization of $23.93 billion, a P/E ratio of 17.18 and a beta of 1.25. Pembina Pipeline Co. has a fifty-two week low of $31.51 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.68.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The business’s revenue was up 30.5% on a year-over-year basis. On average, equities analysts expect that Pembina Pipeline Co. will post 2.38 EPS for the current year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.69 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s payout ratio is 85.00%.

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.