Stifel Financial Corp Lowers Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Stifel Financial Corp lowered its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,805 shares of the pipeline company’s stock after selling 608 shares during the period. Stifel Financial Corp’s holdings in Pembina Pipeline were worth $1,394,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PBA. Godsey & Gibb Inc. bought a new position in shares of Pembina Pipeline during the third quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline during the 3rd quarter valued at about $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Pembina Pipeline during the 3rd quarter valued at about $26,000. Blue Trust Inc. grew its stake in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after acquiring an additional 508 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in shares of Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 325 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 0.9 %

Pembina Pipeline stock opened at $36.41 on Friday. The stock has a market cap of $21.14 billion, a P/E ratio of 15.05 and a beta of 1.24. The firm’s 50 day moving average price is $40.97 and its 200-day moving average price is $39.67. Pembina Pipeline Co. has a 1 year low of $32.81 and a 1 year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 7.58%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is 84.30%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James started coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Citigroup boosted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. UBS Group initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Finally, Barclays began coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Company Profile

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.