Sequoia Financial Advisors LLC Buys 860 Shares of Pembina Pipeline Co. (NYSE:PBA)

Sequoia Financial Advisors LLC lifted its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 7.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,767 shares of the pipeline company’s stock after purchasing an additional 860 shares during the period. Sequoia Financial Advisors LLC’s holdings in Pembina Pipeline were worth $527,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in shares of Pembina Pipeline in the 3rd quarter worth $25,000. Blue Trust Inc. lifted its holdings in Pembina Pipeline by 223.8% during the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 508 shares in the last quarter. Beacon Capital Management LLC bought a new position in Pembina Pipeline during the first quarter worth about $37,000. EverSource Wealth Advisors LLC lifted its holdings in Pembina Pipeline by 30.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after acquiring an additional 387 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Pembina Pipeline by 47.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,511 shares of the pipeline company’s stock worth $93,000 after acquiring an additional 805 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Citigroup lifted their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. UBS Group began coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Finally, Raymond James began coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Stock Performance

NYSE PBA opened at $42.50 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 5.97 and a beta of 1.25. The stock has a fifty day simple moving average of $41.23 and a 200 day simple moving average of $38.38. Pembina Pipeline Co. has a twelve month low of $30.25 and a twelve month high of $43.44.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business posted $0.45 EPS. The company’s revenue for the quarter was up 30.5% on a year-over-year basis. Sell-side analysts expect that Pembina Pipeline Co. will post 2.4 EPS for the current year.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s dividend payout ratio is currently 85.00%.

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.