Oppenheimer & Co. Inc. Acquires 1,188 Shares of Pembina Pipeline Co. (NYSE:PBA)

Oppenheimer & Co. Inc. increased its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,084 shares of the pipeline company’s stock after acquiring an additional 1,188 shares during the period. Oppenheimer & Co. Inc.’s holdings in Pembina Pipeline were worth $299,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Prospera Private Wealth LLC bought a new position in Pembina Pipeline during the third quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new position in Pembina Pipeline during the third quarter valued at $26,000. Versant Capital Management Inc bought a new position in Pembina Pipeline during the fourth quarter valued at $27,000. Sound Income Strategies LLC bought a new position in Pembina Pipeline during the fourth quarter valued at $27,000. Finally, Dunhill Financial LLC bought a new position in Pembina Pipeline during the third quarter valued at $28,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $37.83 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. The firm has a market capitalization of $21.97 billion, a P/E ratio of 15.63 and a beta of 1.26. The business has a fifty day moving average price of $36.84 and a 200-day moving average price of $39.37.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.4783 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 5.06%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 86.76%.

Analyst Ratings Changes

PBA has been the subject of several research reports. TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating for the company. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Barclays started coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.