Versant Capital Management Inc Invests $27,000 in Pembina Pipeline Co. (NYSE:PBA)

Versant Capital Management Inc purchased a new position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 732 shares of the pipeline company’s stock, valued at approximately $27,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its position in shares of Pembina Pipeline by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after buying an additional 273 shares during the period. CENTRAL TRUST Co grew its holdings in Pembina Pipeline by 65.0% in the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 325 shares during the period. Oppenheimer Asset Management Inc. increased its stake 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 valued at $770,000 after purchasing an additional 334 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Pembina Pipeline by 30.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 387 shares in the last quarter. Finally, Gold Investment Management Ltd. lifted its holdings in shares of Pembina Pipeline by 4.2% during the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 439 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Barclays started coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating for the company. Raymond James initiated coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating on the stock. Finally, UBS Group began coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Price Performance

PBA opened at $36.61 on Wednesday. The company’s 50-day simple moving average is $39.57 and its two-hundred day simple moving average is $39.69. Pembina Pipeline Co. has a 52-week low of $32.81 and a 52-week high of $43.44. The stock has a market capitalization of $21.25 billion, a P/E ratio of 15.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.69 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 7.54%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.30%.

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.