Pembina Pipeline Co. (NYSE:PBA) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC increased its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 96.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,334 shares of the pipeline company’s stock after buying an additional 6,068 shares during the period. Empowered Funds LLC’s holdings in Pembina Pipeline were worth $509,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. BOKF NA increased its holdings in shares of Pembina Pipeline by 2,582.1% during the 1st quarter. BOKF NA now owns 8,529 shares of the pipeline company’s stock worth $302,000 after buying an additional 8,211 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Pembina Pipeline by 3.4% during the first quarter. Janus Henderson Group PLC now owns 60,676 shares of the pipeline company’s stock worth $2,144,000 after acquiring an additional 2,000 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Pembina Pipeline by 10.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 19,628 shares of the pipeline company’s stock valued at $694,000 after acquiring an additional 1,843 shares in the last quarter. Beacon Capital Management LLC bought a new position in shares of Pembina Pipeline during the first quarter worth about $37,000. Finally, Zimmer Partners LP grew its position in shares of Pembina Pipeline by 177.8% in the 1st quarter. Zimmer Partners LP now owns 625,000 shares of the pipeline company’s stock worth $22,062,000 after acquiring an additional 400,000 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

PBA opened at $42.93 on Monday. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 17.74 and a beta of 1.25. The stock has a fifty day moving average price of $41.92 and a 200 day moving average price of $39.35. Pembina Pipeline Co. has a 1 year low of $32.39 and a 1 year high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 6.43%. The ex-dividend date is Monday, December 16th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is 84.30%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PBA shares. Citigroup lifted their target price on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. UBS Group started coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating for the company. Finally, Raymond James initiated coverage on Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Hold” and a consensus target price of $56.50.

About Pembina Pipeline

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.