Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC lowered its position in shares of Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) by 31.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,430 shares of the pipeline company’s stock after selling 6,148 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Pembina Pipeline were worth $462,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC acquired a new stake in Pembina Pipeline during the 4th quarter worth about $34,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Pembina Pipeline by 74.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock valued at $37,000 after buying an additional 462 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Pembina Pipeline by 303.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock valued at $52,000 after buying an additional 1,142 shares during the period. Rational Advisors LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $59,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Pembina Pipeline by 22.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after buying an additional 329 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at $37.36 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.03 and a debt-to-equity ratio of 0.78. Pembina Pipeline Co. has a twelve month low of $28.15 and a twelve month high of $37.47. The business has a 50-day moving average price of $35.95 and a 200 day moving average price of $34.79. The firm has a market cap of $21.65 billion, a PE ratio of 16.24, a P/E/G ratio of 5.35 and a beta of 1.24.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share for the quarter, meeting the consensus estimate of $0.54. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.83 billion. Sell-side analysts predict that Pembina Pipeline Co. will post 2.29 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.501 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.49. This represents a $2.00 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend is Monday, June 17th. Pembina Pipeline’s payout ratio is 86.96%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. StockNews.com cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. CIBC boosted their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a report on Friday, April 19th. TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Finally, Scotiabank cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.00.

Check Out Our Latest Report on PBA

Pembina Pipeline Profile

(Free Report)

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.

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

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