HighTower Advisors LLC Grows Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

HighTower Advisors LLC increased its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 18.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,813 shares of the pipeline company’s stock after purchasing an additional 4,385 shares during the quarter. HighTower Advisors LLC’s holdings in Pembina Pipeline were worth $1,065,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline in the 3rd quarter worth $26,000. Versant Capital Management Inc bought a new position in Pembina Pipeline in the fourth quarter valued at about $27,000. Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter valued at about $27,000. Dunhill Financial LLC purchased a new stake in shares of Pembina Pipeline during the 3rd quarter valued at about $28,000. Finally, Eastern Bank bought a new position in shares of Pembina Pipeline in the 4th quarter worth approximately $29,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 0.0 %

Shares of Pembina Pipeline stock opened at $40.09 on Thursday. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. 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 company has a market capitalization of $23.27 billion, a P/E ratio of 16.56 and a beta of 1.26. The company has a fifty day moving average of $37.49 and a 200 day moving average of $39.30.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s dividend payout ratio is currently 86.76%.

Analysts Set New Price Targets

A number of brokerages have commented on PBA. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities started coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, Barclays began coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.