Pembina Pipeline Co. (NYSE:PBA) Stock Position Cut by Lincluden Management Ltd.

Lincluden Management Ltd. cut its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 793,546 shares of the pipeline company's stock after selling 23,515 shares during the period. Pembina Pipeline comprises about 3.6% of Lincluden Management Ltd.'s portfolio, making the stock its 10th largest position. Lincluden Management Ltd. owned approximately 0.14% of Pembina Pipeline worth $32,732,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Godsey & Gibb Inc. acquired a new stake in Pembina Pipeline in the 3rd quarter valued at $25,000. Blue Trust Inc. raised 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 purchasing an additional 508 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock valued at $34,000 after buying an additional 325 shares in the last quarter. Beacon Capital Management LLC acquired a new position in shares of Pembina Pipeline in the 1st quarter valued at approximately $37,000. Finally, EverSource Wealth Advisors LLC increased its position in Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock worth $65,000 after purchasing an additional 387 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PBA has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Raymond James initiated coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They set an "outperform" rating on the stock. Finally, Citigroup boosted their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $56.50.

Pembina Pipeline Stock Down 0.4 %

Shares of PBA traded down $0.18 during trading hours on Friday, reaching $41.61. 665,548 shares of the stock traded hands, compared to its average volume of 1,118,313. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 17.50, a PEG ratio of 5.86 and a beta of 1.25. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. Pembina Pipeline Co. has a 52 week low of $31.06 and a 52 week high of $43.44. The stock has a fifty day simple moving average of $41.47 and a 200 day simple moving average of $38.56.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.54 by $0.21. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The company's revenue for the quarter was up 30.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, equities analysts forecast that Pembina Pipeline Co. will post 2.38 EPS for the current year.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 4.81%. Pembina Pipeline's payout ratio is 85.00%.

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.