Pembina Pipeline Co. (NYSE:PBA) Shares Bought by US Bancorp DE

US Bancorp DE boosted its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 10.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,303 shares of the pipeline company’s stock after purchasing an additional 1,142 shares during the period. US Bancorp DE’s holdings in Pembina Pipeline were worth $455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline during the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC purchased a new position in Pembina Pipeline in the 3rd quarter valued at about $26,000. Versant Capital Management Inc purchased a new position in Pembina Pipeline in the 4th quarter valued at about $27,000. Sound Income Strategies LLC purchased a new position in Pembina Pipeline in the 4th quarter worth approximately $27,000. Finally, Dunhill Financial LLC purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $28,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of PBA opened at $38.80 on Thursday. The firm has a fifty day moving average price of $36.94 and a 200 day moving average price of $39.36. 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. The stock has a market cap of $22.53 billion, a PE ratio of 16.03 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The firm also recently announced 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. 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 4.93%. Pembina Pipeline’s payout ratio is 86.76%.

Wall Street Analyst Weigh In

PBA has been the topic of a number of research reports. TD Securities assumed coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Barclays initiated coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set 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 report on Wednesday, December 18th. Finally, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.50.

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.