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 April 04th, the Representative disclosed that they had sold between $50,001 and $100,000 in Pembina Pipeline stock on March 7th.

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

• Purchased $1,001 - $15,000 in shares of Ellington Financial NYSE: EFC on 3/31/2025.
• Sold $15,001 - $50,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 3/7/2025.
• Sold $50,001 - $100,000 in shares of Energy Transfer NYSE: ET on 3/7/2025.
• Sold $15,001 - $50,000 in shares of FLEX LNG NYSE: FLNG on 3/7/2025.
• Purchased $1,001 - $15,000 in shares of Hercules Capital NYSE: HTGC on 3/5/2025.
• Purchased $1,001 - $15,000 in shares of Energy Transfer NYSE: ET on 2/19/2025.
• Purchased $1,001 - $15,000 in shares of Alliance Resource Partners NASDAQ: ARLP on 2/14/2025.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded up $1.18 during trading hours on Friday, reaching $36.34. 1,067,576 shares of the stock were exchanged, compared to its average volume of 1,275,155. The stock has a 50 day moving average of $37.77 and a two-hundred day moving average of $39.02. The company has a market cap of $21.10 billion, a P/E ratio of 15.01 and a beta of 0.89. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a twelve month low of $33.83 and a twelve month high of $43.44.

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Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.4783 per share. The ex-dividend date was Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 5.26%. Pembina Pipeline's dividend payout ratio is 86.76%.

Hedge Funds Weigh In On Pembina Pipeline

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in Pembina Pipeline in the fourth quarter valued at about $171,860,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Pembina Pipeline by 1,591.4% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,155,558 shares of the pipeline company's stock valued at $116,440,000 after buying an additional 2,968,994 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Pembina Pipeline in the 4th quarter valued at approximately $73,073,000. Mackenzie Financial Corp boosted its position in Pembina Pipeline by 10.6% during the 4th quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock worth $514,154,000 after buying an additional 1,331,294 shares during the period. Finally, Hillsdale Investment Management Inc. grew its holdings in Pembina Pipeline by 338.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock worth $47,598,000 after acquiring an additional 995,735 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PBA. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and an average target price of $56.50.

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, 2027. Foxx (Republican Party) ran for re-election to the U.S. House to represent North Carolina's 5th Congressional District. She won in the general election on November 5, 2024. 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.