Raymond James & Associates Decreases Position in Pembina Pipeline Co. (NYSE:PBA)

Raymond James & Associates trimmed its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,508 shares of the pipeline company’s stock after selling 8,100 shares during the period. Raymond James & Associates’ holdings in Pembina Pipeline were worth $2,220,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in PBA. Harbour Investments Inc. bought a new position in Pembina Pipeline during the fourth quarter valued at $43,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Pembina Pipeline in the 4th quarter worth approximately $45,000. Coppell Advisory Solutions LLC purchased a new position in shares of Pembina Pipeline in the 2nd quarter worth approximately $41,000. ICA Group Wealth Management LLC acquired a new stake in Pembina Pipeline in the 4th quarter worth approximately $52,000. Finally, Massmutual Trust Co. FSB ADV boosted its stake 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 purchasing an additional 329 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $34.21 on Wednesday. The stock’s 50 day moving average price is $34.81 and its 200 day moving average price is $33.45. Pembina Pipeline Co. has a one year low of $28.15 and a one year high of $36.17. The firm has a market capitalization of $19.82 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 5.08 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that Pembina Pipeline Co. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.4944 per share. 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. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.78%. Pembina Pipeline’s dividend payout ratio (DPR) is 89.14%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PBA shares. TheStreet raised 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 research report on Friday, April 12th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock 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.