Pembina Pipeline Co. (NYSE:PBA) is Kayne Anderson Capital Advisors LP's 10th Largest Position

Kayne Anderson Capital Advisors LP grew its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 15.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,155,198 shares of the pipeline company's stock after buying an additional 550,491 shares during the quarter. Pembina Pipeline accounts for approximately 4.4% of Kayne Anderson Capital Advisors LP's holdings, making the stock its 10th biggest holding. Kayne Anderson Capital Advisors LP owned 0.72% of Pembina Pipeline worth $171,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PBA. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline in the 3rd quarter valued at about $25,000. Blue Trust Inc. grew its stake in Pembina Pipeline by 223.8% in the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock worth $30,000 after acquiring an additional 508 shares during the period. CENTRAL TRUST Co lifted its stake in shares of Pembina Pipeline by 65.0% during the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock worth $34,000 after purchasing an additional 325 shares during the period. Beacon Capital Management LLC acquired a new stake in shares of Pembina Pipeline during the first quarter worth $37,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Pembina Pipeline by 30.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock valued at $65,000 after purchasing an additional 387 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PBA. Citigroup increased their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 28th. UBS Group began coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They issued a "neutral" rating on the stock. Finally, Raymond James initiated coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Stock Performance

Shares of PBA stock traded up $0.17 during trading hours on Monday, reaching $41.82. The stock had a trading volume of 994,356 shares, compared to its average volume of 1,112,083. The firm has a market capitalization of $24.27 billion, a PE ratio of 17.28 and a beta of 1.25. The firm has a 50-day simple moving average of $41.76 and a 200-day simple moving average of $39.16. Pembina Pipeline Co. has a twelve month low of $32.10 and a twelve month high of $43.44. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's dividend payout ratio is currently 84.30%.

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.