Pembina Pipeline (NYSE:PBA) Shares Unloaded Rep. Virginia Foxx

Representative Virginia Foxx (R-North Carolina) recently sold shares of Pembina Pipeline Co. NYSE: PBA. In a filing disclosed on January 06th, the Representative disclosed that they had sold between $50,001 and $100,000 in Pembina Pipeline stock on December 6th.

Representative Virginia Foxx also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 12/6/2024.
• Sold $50,001 - $100,000 in shares of Via Renewables NASDAQ: VIASP on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 12/6/2024.
• Sold $15,001 - $50,000 in shares of FLEX LNG NYSE: FLNG on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of Bristol-Myers Squibb NYSE: BMY on 12/6/2024.
• Sold $15,001 - $50,000 in shares of Ardmore Shipping NYSE: ASC on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of Amgen NASDAQ: AMGN on 12/6/2024.
• Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 12/6/2024.
• Purchased $1,001 - $15,000 in shares of Duke Energy NYSE: DUK on 12/6/2024.
• Sold $15,001 - $50,000 in shares of Energy Transfer NYSE: ET on 12/6/2024.

Pembina Pipeline Stock Up 0.9 %

Shares of PBA stock traded up $0.32 on Thursday, hitting $36.96. The stock had a trading volume of 602,609 shares, compared to its average volume of 1,352,281. Pembina Pipeline Co. has a 52-week low of $32.81 and a 52-week high of $43.44. The firm has a market capitalization of $21.46 billion, a price-to-earnings ratio of 15.27 and a beta of 1.25. 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 stock's 50 day moving average is $39.37 and its 200-day moving average is $39.65.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.69 per share. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date was Monday, December 16th. Pembina Pipeline's payout ratio is presently 84.30%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PBA. Barclays began coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an "overweight" rating on the stock. Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. UBS Group began coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Finally, Raymond James initiated coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an "outperform" rating on the stock. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $56.50.

Hedge Funds Weigh In On Pembina Pipeline

Large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth $27,000. JPMorgan Chase & Co. raised its stake in Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after acquiring an additional 624,958 shares during the period. Franklin Resources Inc. lifted its holdings in Pembina Pipeline by 14.2% in the third quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company's stock worth $44,518,000 after acquiring an additional 127,027 shares during the last quarter. Geode Capital Management LLC boosted its stake in Pembina Pipeline by 10.2% in the third quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company's stock valued at $113,531,000 after acquiring an additional 251,982 shares during the period. Finally, Barclays PLC grew its holdings in shares of Pembina Pipeline by 86.5% during the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock valued at $2,226,000 after purchasing an additional 25,031 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

About Representative Foxx

Virginia Foxx (Republican Party) is a member of the U.S. House, representing North Carolina's 5th Congressional District. She assumed office on January 3, 2005. Her current term ends on January 3, 2025. Foxx (Republican Party) is running for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She declared candidacy for the 2024 election. Prior to her election to the U.S. House, Foxx served as a member of the North Carolina State Senate as well as deputy secretary for management for North Carolina. Foxx was born in New York, New York. She earned a B.A. and M.A.C.T. from the University of North Carolina, Chapel Hill, in 1968 and 1972, respectively, and an Ed.D. from the University of North Carolina, Greensboro, in 1985. Foxx worked as an instructor at Caldwell Community College in Hudson, NC, and an instructor and assistant dean at Appalachian State University in Boone, NC. She owned a landscape nursery and served as Deputy Secretary for Management at the North Carolina Department of Administration.

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.