PDT Partners LLC Makes New $1.33 Million Investment in Pembina Pipeline Co. (NYSE:PBA)

PDT Partners LLC purchased a new position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 32,220 shares of the pipeline company's stock, valued at approximately $1,329,000.

A number of other hedge funds have also recently added to or reduced their stakes in PBA. Cetera Advisors LLC raised its position in shares of Pembina Pipeline by 248.9% during the first quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company's stock worth $1,129,000 after acquiring an additional 22,790 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Pembina Pipeline by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company's stock worth $527,000 after purchasing an additional 860 shares during the last quarter. Triasima Portfolio Management inc. raised its holdings in Pembina Pipeline by 49.2% during the 2nd quarter. Triasima Portfolio Management inc. now owns 784,516 shares of the pipeline company's stock worth $29,095,000 after purchasing an additional 258,575 shares during the last quarter. Cetera Investment Advisers lifted its position in Pembina Pipeline by 105.1% during the 1st quarter. Cetera Investment Advisers now owns 48,237 shares of the pipeline company's stock valued at $1,705,000 after purchasing an additional 24,717 shares during the period. Finally, Fiera Capital Corp boosted its stake in shares of Pembina Pipeline by 15.5% in the 3rd quarter. Fiera Capital Corp now owns 1,196,390 shares of the pipeline company's stock valued at $49,381,000 after purchasing an additional 160,946 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Down 2.8 %

Shares of PBA traded down $1.17 during trading hours on Monday, reaching $40.20. The stock had a trading volume of 1,341,813 shares, compared to its average volume of 1,116,179. The firm has a 50-day moving average of $41.98 and a 200 day moving average of $39.53. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The company has a market cap of $23.34 billion, a P/E ratio of 16.61 and a beta of 1.25. Pembina Pipeline Co. has a 52 week low of $32.39 and a 52 week high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.87%. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's dividend payout ratio (DPR) is currently 84.30%.

Wall Street Analyst Weigh In

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

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.