Pembina Pipeline (NYSE:PBA) Trading 4.8% Higher After Dividend Announcement

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL's stock price rose 4.8% during mid-day trading on Friday following a dividend announcement from the company. The stock traded as high as $38.25 and last traded at $38.10. Approximately 272,499 shares changed hands during trading, a decline of 82% from the average daily volume of 1,473,579 shares. The stock had previously closed at $36.35.

The newly announced dividend which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline's payout ratio is 86.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PBA shares. TD Securities assumed coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, Barclays assumed coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an "overweight" rating for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of "Hold" and an average target price of $56.50.

Pembina Pipeline Trading Down 1.0 %

The stock has a market cap of $22.35 billion, a PE ratio of 15.90 and a beta of 1.25. The company has a 50 day moving average of $36.70 and a two-hundred day moving average of $39.40. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Safe Harbor Fiduciary LLC purchased a new stake in Pembina Pipeline in the 3rd quarter worth $26,000. Prospera Private Wealth LLC purchased a new stake in shares of Pembina Pipeline during the third quarter worth about $26,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline in the 3rd quarter valued at about $28,000. Versant Capital Management Inc purchased a new position in Pembina Pipeline in the 4th quarter valued at about $27,000. Finally, Blue Trust Inc. boosted its holdings 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 buying an additional 508 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

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.