Corient Private Wealth LLC Grows Holdings in Pembina Pipeline Co. (NYSE:PBA)

Corient Private Wealth LLC lifted its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 87.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,007 shares of the pipeline company's stock after buying an additional 16,293 shares during the quarter. Corient Private Wealth LLC's holdings in Pembina Pipeline were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in shares of Pembina Pipeline in the third quarter valued at about $26,000. Versant Capital Management Inc purchased a new stake in Pembina Pipeline in the 4th quarter valued at about $27,000. Sound Income Strategies LLC acquired a new position in shares of Pembina Pipeline during the 4th quarter valued at about $27,000. Dunhill Financial LLC purchased a new position in shares of Pembina Pipeline during the 3rd quarter worth about $28,000. Finally, Eastern Bank acquired a new stake in shares of Pembina Pipeline in the fourth quarter worth approximately $29,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PBA has been the subject of several research analyst reports. Barclays began coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an "overweight" rating for the company. Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Finally, Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.50.

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Pembina Pipeline Stock Up 0.1 %

NYSE PBA traded up $0.04 during trading hours on Friday, hitting $39.91. The company had a trading volume of 649,829 shares, compared to its average volume of 1,274,364. The firm's 50 day moving average is $37.59 and its 200 day moving average is $39.29. 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 Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The company has a market capitalization of $23.17 billion, a price-to-earnings ratio of 16.49 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.4783 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.79%. Pembina Pipeline's dividend payout ratio (DPR) is currently 86.76%.

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.