Cerity Partners LLC Invests $457,000 in Pembina Pipeline Co. (NYSE:PBA)

Cerity Partners LLC bought a new position in shares of Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 12,923 shares of the pipeline company’s stock, valued at approximately $457,000.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Pembina Pipeline during the first quarter worth approximately $212,000. Steward Partners Investment Advisory LLC raised its stake in shares of Pembina Pipeline by 10.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 10,824 shares of the pipeline company’s stock worth $407,000 after buying an additional 1,032 shares during the last quarter. Metis Global Partners LLC raised its stake in shares of Pembina Pipeline by 66.4% during the first quarter. Metis Global Partners LLC now owns 48,472 shares of the pipeline company’s stock worth $1,821,000 after buying an additional 19,338 shares during the last quarter. Versor Investments LP bought a new stake in shares of Pembina Pipeline during the first quarter worth approximately $474,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Pembina Pipeline by 49.5% during the first quarter. Commonwealth Equity Services LLC now owns 185,120 shares of the pipeline company’s stock worth $6,960,000 after buying an additional 61,312 shares during the last quarter. 54.92% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Stock Up 0.2 %

Shares of PBA stock opened at $35.18 on Friday. The firm has a fifty day moving average of $32.99 and a 200-day moving average of $35.76. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 0.69. Pembina Pipeline Co. has a 12-month low of $28.89 and a 12-month high of $42.74. The company has a market capitalization of $19.40 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 3.78 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 25th will be given a dividend of $0.16 per share. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.16. The ex-dividend date is Wednesday, November 23rd. This represents a $1.92 annualized dividend and a dividend yield of 5.46%. Pembina Pipeline’s dividend payout ratio is currently 50.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Raymond James dropped their price target on shares of Pembina Pipeline from C$49.00 to C$46.00 in a research note on Friday, November 4th. Scotiabank dropped their price target on shares of Pembina Pipeline from C$55.00 to C$50.00 in a research note on Thursday, October 20th. Industrial Alliance Securities raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Monday, September 26th. National Bank Financial upped their target price on shares of Pembina Pipeline from C$45.00 to C$46.00 in a research note on Monday, November 7th. Finally, TheStreet raised shares of Pembina Pipeline from a “c+” rating to a “b-” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $52.14.

Pembina Pipeline Profile

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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