Geneos Wealth Management Inc. Sells 24,217 Shares of Pembina Pipeline Co. (NYSE:PBA)

Geneos Wealth Management Inc. trimmed its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 81.2% during the fourth quarter, HoldingsChannel reports. The fund owned 5,604 shares of the pipeline company’s stock after selling 24,217 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Pembina Pipeline were worth $193,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its holdings in Pembina Pipeline by 10.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,010 shares of the pipeline company’s stock valued at $413,000 after purchasing an additional 1,137 shares during the period. Miller Howard Investments Inc. NY raised its position in shares of Pembina Pipeline by 1.6% during the fourth quarter. Miller Howard Investments Inc. NY now owns 360,162 shares of the pipeline company’s stock worth $12,397,000 after acquiring an additional 5,757 shares during the last quarter. Cambiar Investors LLC acquired a new position in shares of Pembina Pipeline in the fourth quarter worth approximately $207,000. Addenda Capital Inc. boosted its holdings in Pembina Pipeline by 0.7% in the fourth quarter. Addenda Capital Inc. now owns 660,402 shares of the pipeline company’s stock valued at $22,731,000 after acquiring an additional 4,367 shares during the last quarter. Finally, DAVENPORT & Co LLC acquired a new stake in Pembina Pipeline during the 4th quarter valued at approximately $212,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Trading Down 1.1 %

NYSE:PBA opened at $34.71 on Monday. The firm has a fifty day simple moving average of $34.78 and a two-hundred day simple moving average of $33.39. Pembina Pipeline Co. has a 12 month low of $28.15 and a 12 month high of $36.17. The stock has a market capitalization of $20.11 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 5.08 and a beta of 1.20. The company has a current ratio of 0.82, a quick ratio of 0.71 and a debt-to-equity ratio of 0.72.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Analysts expect that Pembina Pipeline Co. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 annualized dividend and a dividend yield of 5.70%. Pembina Pipeline’s payout ratio is currently 89.14%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PBA. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.33.

About Pembina Pipeline

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.