Pembina Pipeline Co. (NYSE:PBA) Short Interest Up 43.5% in February

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 6,270,000 shares, an increase of 43.5% from the January 31st total of 4,370,000 shares. Currently, 1.1% of the company's shares are sold short. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is currently 4.2 days.

Pembina Pipeline Stock Performance

PBA stock traded down $0.05 during mid-day trading on Thursday, reaching $37.66. The company had a trading volume of 1,303,942 shares, compared to its average volume of 1,099,845. 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 stock has a market capitalization of $21.87 billion, a P/E ratio of 15.56 and a beta of 1.25. Pembina Pipeline has a one year low of $33.83 and a one year high of $43.44. The stock's 50-day simple moving average is $36.81 and its two-hundred day simple moving average is $39.37.

Pembina Pipeline Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.4783 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline's dividend payout ratio (DPR) is 86.30%.

Wall Street Analysts Forecast Growth

PBA has been the subject of several recent research reports. Barclays initiated coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They issued an "overweight" rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, TD Securities initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $56.50.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PBA. Kingsview Wealth Management LLC grew its holdings in Pembina Pipeline by 4.1% during the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company's stock worth $286,000 after acquiring an additional 273 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Pembina Pipeline by 11.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock worth $108,000 after acquiring an additional 308 shares during the period. Headlands Technologies LLC grew its holdings in Pembina Pipeline by 23.2% during the fourth quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock worth $65,000 after acquiring an additional 333 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in Pembina Pipeline by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company's stock worth $770,000 after acquiring an additional 334 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Pembina Pipeline by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock valued at $846,000 after purchasing an additional 348 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

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.