Sigma Planning Corp Sells 8,933 Shares of Pembina Pipeline Co. (NYSE:PBA)

Sigma Planning Corp reduced its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 51.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,563 shares of the pipeline company’s stock after selling 8,933 shares during the quarter. Sigma Planning Corp’s holdings in Pembina Pipeline were worth $295,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Baystate Wealth Management LLC bought a new position in shares of Pembina Pipeline during the 4th quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted 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 last quarter. Rational Advisors LLC acquired a new stake in shares of Pembina Pipeline in the 3rd quarter valued at approximately $59,000. Pacifica Partners Inc. boosted its holdings in shares of Pembina Pipeline by 159.0% in the 4th quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock valued at $68,000 after buying an additional 1,240 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Pembina Pipeline by 23.2% in the 3rd quarter. CWM LLC now owns 2,938 shares of the pipeline company’s stock valued at $88,000 after buying an additional 554 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Up 0.3 %

Shares of Pembina Pipeline stock opened at $35.82 on Friday. The business has a fifty day simple moving average of $35.04 and a two-hundred day simple moving average of $33.75. Pembina Pipeline Co. has a 1 year low of $28.15 and a 1 year high of $36.17. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 5.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.83 billion. Research analysts forecast that Pembina Pipeline Co. will post 2.24 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 was Thursday, March 14th. This represents a $1.98 annualized dividend and a yield of 5.52%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 89.14%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. CIBC increased 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. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.00.

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.