Yaupon Capital Management LP Buys New Stake in Pembina Pipeline Co. (NYSE:PBA)

Yaupon Capital Management LP purchased a new stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 244,330 shares of the pipeline company's stock, valued at approximately $9,027,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $27,000. Versant Capital Management Inc bought a new stake in Pembina Pipeline in the 4th quarter valued at $27,000. Eastern Bank acquired a new stake in shares of Pembina Pipeline during the 4th quarter valued at about $29,000. Principal Securities Inc. increased its stake in Pembina Pipeline by 2,597.1% in the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock valued at $34,000 after acquiring an additional 883 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in Pembina Pipeline by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock valued at $36,000 after purchasing an additional 880 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

PBA stock opened at $37.65 on Tuesday. The business's fifty day moving average is $37.87 and its 200-day moving average is $38.82. The company has a market cap of $21.86 billion, a P/E ratio of 15.56 and a beta of 0.89. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.4783 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 5.08%. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.

Wall Street Analysts Forecast Growth

PBA has been the subject of a number of analyst reports. TD Securities initiated coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating for the company. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Pembina Pipeline has an average rating of "Moderate Buy" and a consensus target price of $56.00.

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.

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