AE Wealth Management LLC Buys 2,450 Shares of Pembina Pipeline Co. (NYSE:PBA)

AE Wealth Management LLC grew its stake in Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) by 10.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,789 shares of the pipeline company’s stock after purchasing an additional 2,450 shares during the period. AE Wealth Management LLC’s holdings in Pembina Pipeline were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PBA. EdgeRock Capital LLC bought a new stake in shares of Pembina Pipeline in the 3rd quarter valued at approximately $41,000. Venture Visionary Partners LLC bought a new stake in Pembina Pipeline during the 2nd quarter worth approximately $77,000. SeaCrest Wealth Management LLC bought a new stake in Pembina Pipeline during the 2nd quarter worth approximately $104,000. M&R Capital Management Inc. grew its position in Pembina Pipeline by 23.9% during the 3rd quarter. M&R Capital Management Inc. now owns 3,530 shares of the pipeline company’s stock worth $107,000 after acquiring an additional 680 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Pembina Pipeline by 27.9% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,410 shares of the pipeline company’s stock worth $121,000 after acquiring an additional 744 shares during the last quarter. 55.08% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Performance

PBA stock opened at $35.91 on Friday. The business’s fifty day moving average is $34.43 and its 200-day moving average is $34.61. The company has a quick ratio of 0.57, a current ratio of 0.69 and a debt-to-equity ratio of 0.69. The company has a market cap of $19.79 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 5.35 and a beta of 1.26. Pembina Pipeline Co. has a twelve month low of $29.54 and a twelve month high of $42.74.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last posted its quarterly earnings results on Thursday, November 3rd. The pipeline company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.79. The company had revenue of $2.13 billion for the quarter. Pembina Pipeline had a return on equity of 15.07% and a net margin of 23.90%. Equities research analysts forecast that Pembina Pipeline Co. will post 4.17 EPS for the current year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were given a $0.1614 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.39%. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.16. Pembina Pipeline’s dividend payout ratio is currently 52.42%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PBA shares. Wells Fargo & Company upgraded Pembina Pipeline from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 16th. Industrial Alliance Securities upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Monday, September 26th. Credit Suisse Group downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Friday, December 9th. Scotiabank reduced their price objective on Pembina Pipeline from C$55.00 to C$50.00 in a report on Thursday, October 20th. Finally, TheStreet raised Pembina Pipeline from a “c+” rating to a “b-” rating in a report on Thursday, November 17th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.29.

About Pembina Pipeline

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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.

Further Reading

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

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