Midwest Professional Planners LTD. Takes $612,000 Position in Pembina Pipeline Co. (NYSE:PBA)

Midwest Professional Planners LTD. bought a new stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,571 shares of the pipeline company's stock, valued at approximately $612,000.

Several other hedge funds have also recently added to or reduced their stakes in PBA. Prospera Private Wealth LLC bought a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new position in Pembina Pipeline in the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new position in Pembina Pipeline in the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC acquired a new position in Pembina Pipeline in the 4th quarter valued at approximately $27,000. Finally, Dunhill Financial LLC acquired a new position in Pembina Pipeline in the 3rd quarter valued at approximately $28,000. Institutional investors own 55.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. TD Securities assumed coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Finally, Barclays began coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an "overweight" rating for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.50.

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Pembina Pipeline Price Performance

Shares of PBA traded down $0.04 during mid-day trading on Tuesday, reaching $39.00. The company had a trading volume of 1,108,303 shares, compared to its average volume of 1,106,566. The company's 50-day moving average is $37.05 and its 200-day moving average is $39.32. Pembina Pipeline Co. has a twelve month low of $33.83 and a twelve month high of $43.44. The company has a market capitalization of $22.64 billion, a P/E ratio of 16.11 and a beta of 1.26. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.4783 per share. The ex-dividend date is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 4.91%. Pembina Pipeline's dividend payout ratio is 86.76%.

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.