MassMutual Private Wealth & Trust FSB Purchases 352 Shares of Pembina Pipeline Corp. $PBA

MassMutual Private Wealth & Trust FSB increased its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,436 shares of the pipeline company’s stock after purchasing an additional 352 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Pembina Pipeline were worth $129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Horizon Advisors Inc. raised its holdings in Pembina Pipeline by 69.9% in the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock valued at $27,000 after acquiring an additional 277 shares during the period. N.E.W. Advisory Services LLC bought a new position in Pembina Pipeline in the 1st quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in Pembina Pipeline by 53.4% in the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $54,000 after acquiring an additional 467 shares during the period. Versant Capital Management Inc raised its holdings in Pembina Pipeline by 108.3% in the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 793 shares during the period. Finally, Dunhill Financial LLC raised its holdings in Pembina Pipeline by 42.6% in the 1st quarter. Dunhill Financial LLC now owns 1,925 shares of the pipeline company’s stock valued at $77,000 after acquiring an additional 575 shares during the period. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Price Performance

PBA stock opened at $40.03 on Friday. The company has a fifty day moving average price of $37.53 and a 200-day moving average price of $37.77. The company has a market capitalization of $23.25 billion, a P/E ratio of 18.79 and a beta of 0.79. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $43.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 7.1%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, September 15th. Pembina Pipeline’s payout ratio is presently 96.24%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PBA. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. National Bankshares upgraded shares of Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 26th. Finally, Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Pembina Pipeline 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.