Wealth Enhancement Advisory Services LLC Buys 1,349 Shares of Pembina Pipeline Corp. $PBA

Wealth Enhancement Advisory Services LLC increased its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 7.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 19,531 shares of the pipeline company’s stock after purchasing an additional 1,349 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Pembina Pipeline were worth $729,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its stake 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 purchasing an additional 277 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Pembina Pipeline during the 1st quarter valued at about $27,000. Larson Financial Group LLC increased its position in Pembina Pipeline by 53.4% during the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $54,000 after buying an additional 467 shares in the last quarter. Dunhill Financial LLC increased its position in Pembina Pipeline by 42.6% during the 1st quarter. Dunhill Financial LLC now owns 1,925 shares of the pipeline company’s stock valued at $77,000 after buying an additional 575 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its position in Pembina Pipeline by 17.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company’s stock valued at $96,000 after buying an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on PBA shares. Wells Fargo & Company lowered Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. Wall Street Zen downgraded Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pembina Pipeline in a research note on Saturday, September 27th. Jefferies Financial Group lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Finally, National Bankshares raised Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy”.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $42.18 on Friday. Pembina Pipeline Corp. has a 12 month low of $34.13 and a 12 month high of $43.44. The stock has a market cap of $24.51 billion, a price-to-earnings ratio of 19.80 and a beta of 0.76. The stock’s 50 day moving average price is $38.17 and its 200 day moving average price is $37.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Monday, September 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. Pembina Pipeline’s payout ratio is currently 97.18%.

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.