Pembina Pipeline Co. (NYSE:PBA) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lifted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,554 shares of the pipeline company’s stock after buying an additional 1,374 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Pembina Pipeline were worth $981,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PBA. US Bancorp DE lifted its position in Pembina Pipeline by 22.0% during the 3rd quarter. US Bancorp DE now owns 11,161 shares of the pipeline company’s stock worth $460,000 after acquiring an additional 2,014 shares during the period. Entropy Technologies LP acquired a new stake in shares of Pembina Pipeline during the third quarter worth $961,000. Cumberland Partners Ltd lifted its holdings in shares of Pembina Pipeline by 1.6% during the third quarter. Cumberland Partners Ltd now owns 95,847 shares of the pipeline company’s stock worth $3,955,000 after purchasing an additional 1,464 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Pembina Pipeline by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 334 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Pembina Pipeline during the third quarter worth $284,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on PBA. Barclays started coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday. Finally, TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

Pembina Pipeline Stock Performance

NYSE PBA opened at $38.52 on Tuesday. The business has a 50 day moving average price of $36.87 and a 200 day moving average price of $39.37. The company has a market capitalization of $22.36 billion, a P/E ratio of 15.92 and a beta of 1.26. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44. 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 Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.97%. Pembina Pipeline’s dividend payout ratio is presently 86.76%.

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.