IFP Advisors Inc Sells 1,067 Shares of Pembina Pipeline Corp. $PBA

IFP Advisors Inc trimmed its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 53.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 941 shares of the pipeline company’s stock after selling 1,067 shares during the quarter. IFP Advisors Inc’s holdings in Pembina Pipeline were worth $35,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Pembina Pipeline by 69.9% during the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock valued at $27,000 after purchasing an additional 277 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Pembina Pipeline by 8.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock valued at $142,000 after buying an additional 307 shares in the last quarter. JCIC Asset Management Inc. lifted its holdings in shares of Pembina Pipeline by 6.8% in the 1st quarter. JCIC Asset Management Inc. now owns 5,133 shares of the pipeline company’s stock valued at $205,000 after acquiring an additional 325 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Pembina Pipeline by 17.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 349 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Pembina Pipeline by 11.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,436 shares of the pipeline company’s stock valued at $129,000 after purchasing an additional 352 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on PBA. Jefferies Financial Group cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. National Bank Financial raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pembina Pipeline in a research report on Wednesday, October 8th. Finally, National Bankshares raised shares of Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Stock Up 1.2%

Shares of NYSE PBA opened at $38.30 on Thursday. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $43.44. The stock’s fifty day simple moving average is $38.78 and its two-hundred day simple moving average is $37.82. The stock has a market capitalization of $22.25 billion, a PE ratio of 17.98 and a beta of 0.76. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, September 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a yield of 7.4%. Pembina Pipeline’s dividend payout ratio is currently 97.18%.

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.