Guardian Partners Inc. Makes New Investment in Pembina Pipeline Co. (NYSE:PBA)

Guardian Partners Inc. bought a new stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 227,979 shares of the pipeline company's stock, valued at approximately $8,427,000.

Several other hedge funds also recently bought and sold shares of the company. Prospera Private Wealth LLC purchased a new position in shares of Pembina Pipeline in the third quarter valued at about $26,000. Safe Harbor Fiduciary LLC bought a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new position in Pembina Pipeline in the 4th quarter worth approximately $27,000. Sound Income Strategies LLC bought a new position in Pembina Pipeline in the 4th quarter worth approximately $27,000. Finally, Dunhill Financial LLC purchased a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $28,000. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Down 0.5 %

Shares of NYSE PBA traded down $0.22 during trading hours on Thursday, hitting $39.87. 408,211 shares of the company traded hands, compared to its average volume of 1,116,151. The company's 50 day moving average price is $37.55 and its 200 day moving average price is $39.30. Pembina Pipeline Co. has a 12 month low of $33.83 and a 12 month high of $43.44. The stock has a market capitalization of $23.15 billion, a price-to-earnings ratio of 16.48 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

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Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.80%. Pembina Pipeline's dividend payout ratio is presently 86.76%.

Wall Street Analysts Forecast Growth

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

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.