Entropy Technologies LP acquired a new stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 23,301 shares of the pipeline company's stock, valued at approximately $961,000.
Other large investors have also bought and sold shares of the company. Cetera Advisors LLC boosted its position in Pembina Pipeline by 248.9% during the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company's stock valued at $1,129,000 after acquiring an additional 22,790 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in Pembina Pipeline by 13,721.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 72,702 shares of the pipeline company's stock valued at $2,567,000 after acquiring an additional 72,176 shares in the last quarter. Intech Investment Management LLC bought a new stake in Pembina Pipeline during the 1st quarter valued at approximately $1,387,000. Vanguard Group Inc. boosted its position in Pembina Pipeline by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 22,053,531 shares of the pipeline company's stock valued at $779,372,000 after acquiring an additional 460,761 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Pembina Pipeline by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company's stock valued at $527,000 after acquiring an additional 860 shares in the last quarter. 55.37% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on PBA shares. UBS Group started coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup lifted their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a report on Wednesday, August 28th. Finally, Raymond James started coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They set an "outperform" rating for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $56.50.
Check Out Our Latest Stock Analysis on Pembina Pipeline
Pembina Pipeline Stock Up 0.7 %
NYSE PBA traded up $0.28 during mid-day trading on Thursday, reaching $41.79. The stock had a trading volume of 1,252,649 shares, compared to its average volume of 1,113,036. Pembina Pipeline Co. has a 1 year low of $31.51 and a 1 year high of $43.44. The stock has a market cap of $24.26 billion, a PE ratio of 17.33 and a beta of 1.25. The company has a fifty day moving average price of $41.70 and a 200 day moving average price of $39.00. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.69 dividend. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Monday, December 16th. Pembina Pipeline's payout ratio is presently 84.30%.
About Pembina Pipeline
(
Free Report)
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.
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