Pembina Pipeline Co. (NYSE:PBA) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp lifted its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 24.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,147 shares of the pipeline company’s stock after purchasing an additional 4,806 shares during the period. Jones Financial Companies Lllp’s holdings in Pembina Pipeline were worth $892,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PBA. Prospera Private Wealth LLC purchased a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $26,000. Versant Capital Management Inc purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at about $27,000. Sound Income Strategies LLC purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at about $27,000. Finally, Dunhill Financial LLC purchased a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

NYSE:PBA opened at $37.83 on Friday. Pembina Pipeline Co. has a 12 month low of $33.83 and a 12 month high of $43.44. The stock has a 50 day moving average of $36.84 and a two-hundred day moving average of $39.37. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The firm has a market cap of $21.97 billion, a P/E ratio of 15.63 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.4783 dividend. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PBA shares. TD Securities started coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Barclays began coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Company 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.