Raymond James Financial Services Advisors Inc. Increases Holdings in Pembina Pipeline Co. (NYSE:PBA)

Raymond James Financial Services Advisors Inc. increased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 4.0% in the 4th quarter, HoldingsChannel reports. The fund owned 32,080 shares of the pipeline company’s stock after purchasing an additional 1,231 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Pembina Pipeline were worth $1,104,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV increased its holdings in 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 worth $61,000 after acquiring an additional 329 shares during the last quarter. Harbour Investments Inc. increased its holdings in Pembina Pipeline by 36.6% in the 2nd quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock worth $42,000 after acquiring an additional 361 shares during the last quarter. Advisor Partners II LLC increased its holdings in Pembina Pipeline by 4.8% in the 1st quarter. Advisor Partners II LLC now owns 8,437 shares of the pipeline company’s stock worth $273,000 after acquiring an additional 390 shares during the last quarter. Teamwork Financial Advisors LLC boosted its stake in Pembina Pipeline by 5.3% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 9,129 shares of the pipeline company’s stock worth $274,000 after purchasing an additional 462 shares during the period. Finally, First Trust Advisors LP boosted its stake in Pembina Pipeline by 1.2% in the 3rd quarter. First Trust Advisors LP now owns 42,459 shares of the pipeline company’s stock worth $1,284,000 after purchasing an additional 504 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

PBA has been the subject of several analyst reports. TheStreet upgraded Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Pembina Pipeline Stock Down 1.1 %

Shares of NYSE PBA opened at $34.71 on Monday. The company has a market cap of $20.11 billion, a P/E ratio of 15.71, a P/E/G ratio of 5.08 and a beta of 1.20. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The business has a 50-day simple moving average of $34.78 and a two-hundred day simple moving average of $33.39. Pembina Pipeline Co. has a 52 week low of $28.15 and a 52 week high of $36.17.

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

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.4944 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is 88.69%.

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.