Principal Securities Inc. Buys 883 Shares of Pembina Pipeline Co. (NYSE:PBA)

Principal Securities Inc. grew its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 2,597.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 917 shares of the pipeline company’s stock after buying an additional 883 shares during the period. Principal Securities Inc.’s holdings in Pembina Pipeline were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PBA. Van ECK Associates Corp raised its holdings in Pembina Pipeline by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company’s stock worth $8,335,000 after purchasing an additional 16,762 shares during the last quarter. Miller Howard Investments Inc. NY increased its position in shares of Pembina Pipeline by 25.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 552,076 shares of the pipeline company’s stock worth $20,399,000 after buying an additional 112,298 shares during the period. Empowered Funds LLC raised its stake in Pembina Pipeline by 39.3% during the fourth quarter. Empowered Funds LLC now owns 17,186 shares of the pipeline company’s stock worth $635,000 after buying an additional 4,852 shares during the last quarter. Cidel Asset Management Inc. raised its stake in Pembina Pipeline by 0.9% during the fourth quarter. Cidel Asset Management Inc. now owns 253,715 shares of the pipeline company’s stock worth $9,369,000 after buying an additional 2,197 shares during the last quarter. Finally, RNC Capital Management LLC lifted its holdings in Pembina Pipeline by 7.6% in the fourth quarter. RNC Capital Management LLC now owns 23,406 shares of the pipeline company’s stock valued at $865,000 after buying an additional 1,648 shares during the period. 55.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays initiated coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Performance

Shares of PBA opened at $38.86 on Friday. Pembina Pipeline Co. has a 52-week low of $33.83 and a 52-week high of $43.44. The stock’s 50-day simple moving average is $36.70 and its 200 day simple moving average is $39.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The stock has a market capitalization of $22.56 billion, a price-to-earnings ratio of 16.06 and a beta of 1.25.

Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is 80.58%.

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.