IFP Advisors Inc Decreases Stake in Pembina Pipeline Co. (NYSE:PBA)

IFP Advisors Inc reduced its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,965 shares of the pipeline company’s stock after selling 444 shares during the quarter. IFP Advisors Inc’s holdings in Pembina Pipeline were worth $73,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MONECO Advisors LLC raised its position in shares of Pembina Pipeline by 9.9% in the 4th quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company’s stock valued at $220,000 after purchasing an additional 537 shares during the last quarter. Cumberland Partners Ltd raised its position in shares of Pembina Pipeline by 9.6% in the 4th quarter. Cumberland Partners Ltd now owns 105,080 shares of the pipeline company’s stock valued at $3,877,000 after purchasing an additional 9,233 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Pembina Pipeline by 880.0% in the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 880 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Pembina Pipeline by 8.0% in the 4th quarter. Catalyst Capital Advisors LLC now owns 377,260 shares of the pipeline company’s stock valued at $13,940,000 after purchasing an additional 27,866 shares during the last quarter. Finally, Tcfg Wealth Management LLC purchased a new position in Pembina Pipeline during the 4th quarter worth approximately $310,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

NYSE:PBA opened at $37.71 on Thursday. 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 firm has a market cap of $21.89 billion, a price-to-earnings ratio of 15.58 and a beta of 1.25. The company has a 50 day moving average price of $36.79 and a 200-day moving average price of $39.39. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44.

Pembina Pipeline Cuts Dividend

The company 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 dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is 86.30%.

Analysts Set New Price Targets

A number of research firms have issued reports on PBA. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. TD Securities began coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Barclays began coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.