Stratos Wealth Partners LTD. Makes New Investment in Pembina Pipeline Corp. (NYSE:PBA)

Stratos Wealth Partners LTD. acquired a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,194 shares of the pipeline company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in shares of Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 277 shares during the last quarter. VSM Wealth Advisory LLC acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $37,000. Dunhill Financial LLC boosted its position in shares of Pembina Pipeline by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company’s stock valued at $50,000 after purchasing an additional 675 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Pembina Pipeline by 108.3% in the first quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 793 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of Pembina Pipeline by 23.2% in the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

NYSE:PBA opened at $37.13 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. The business’s 50-day simple moving average is $37.39 and its two-hundred day simple moving average is $37.52. The stock has a market cap of $21.57 billion, a PE ratio of 16.80 and a beta of 0.76. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.57 by $0.23. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.47 billion. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The firm’s revenue was up 48.2% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. As a group, analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.5109 per share. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.50%. Pembina Pipeline’s dividend payout ratio is presently 93.67%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. National Bank Financial upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 25th. Finally, National Bankshares raised Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.00.

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.