Steward Partners Investment Advisory LLC Decreases Stake in Pembina Pipeline Co. (NYSE:PBA)

Steward Partners Investment Advisory LLC lowered its holdings in Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) by 31.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,430 shares of the pipeline company’s stock after selling 6,148 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Pembina Pipeline were worth $462,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Baystate Wealth Management LLC purchased a new position in shares of Pembina Pipeline in the fourth quarter worth $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Pembina Pipeline by 74.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,081 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 462 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Pembina Pipeline by 303.7% in the fourth quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company’s stock worth $52,000 after purchasing an additional 1,142 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Pembina Pipeline by 22.6% in the fourth 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 during the last quarter. Finally, Rational Advisors LLC bought a new stake in shares of Pembina Pipeline in the third quarter worth $59,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. StockNews.com lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, May 13th. CIBC lifted their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a report on Friday, April 19th. TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Finally, Scotiabank lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 19th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $52.00.

Read Our Latest Stock Analysis on Pembina Pipeline

Pembina Pipeline Stock Performance

NYSE:PBA opened at $37.36 on Friday. The stock has a 50-day simple moving average of $35.95 and a two-hundred day simple moving average of $34.79. Pembina Pipeline Co. has a 52-week low of $28.15 and a 52-week high of $37.47. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.93 and a current ratio of 1.03. The firm has a market capitalization of $21.65 billion, a PE ratio of 16.24, a P/E/G ratio of 5.35 and a beta of 1.24.

Pembina Pipeline (NYSE:PBAGet Free Report) (TSE:PPL) last released its quarterly earnings results on Thursday, May 9th. The pipeline company reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. Pembina Pipeline had a return on equity of 13.33% and a net margin of 21.61%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.83 billion. Analysts forecast that Pembina Pipeline Co. will post 2.29 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be given a $0.501 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.36%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, June 17th. Pembina Pipeline’s payout ratio is presently 86.96%.

About Pembina Pipeline

(Free Report)

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.

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

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