Pembina Pipeline Co. (NYSE:PBA) Short Interest Up 49.1% in November

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 6,950,000 shares, a growth of 49.1% from the November 15th total of 4,660,000 shares. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is currently 6.4 days. Approximately 1.2% of the shares of the company are sold short.

Pembina Pipeline Stock Down 0.6 %

Shares of PBA stock traded down $0.25 on Friday, hitting $38.35. The stock had a trading volume of 884,964 shares, compared to its average volume of 1,130,340. The stock's 50 day moving average is $41.57 and its 200-day moving average is $39.65. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 15.85 and a beta of 1.24. Pembina Pipeline has a 52-week low of $32.39 and a 52-week high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 7.20%. The ex-dividend date 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 (DPR) is 84.30%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PBA shares. Citigroup upped their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Barclays started coverage on Pembina Pipeline in a research note on Thursday. They issued an "overweight" rating on the stock. Raymond James initiated coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an "outperform" rating on the stock. Finally, UBS Group assumed coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $56.50.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently made changes to their positions in PBA. Godsey & Gibb Inc. bought a new position in Pembina Pipeline during the 3rd quarter worth approximately $25,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Pembina Pipeline during the 3rd quarter valued at approximately $26,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline during the third quarter worth $26,000. Dunhill Financial LLC bought a new position in Pembina Pipeline during the third quarter worth $28,000. Finally, Blue Trust Inc. boosted its holdings in Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock worth $30,000 after purchasing an additional 508 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

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.