Bard Associates Inc. Sells 300 Shares of Pembina Pipeline Co. (NYSE:PBA)

Bard Associates Inc. decreased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,758 shares of the pipeline company’s stock after selling 300 shares during the quarter. Bard Associates Inc.’s holdings in Pembina Pipeline were worth $1,100,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PBA. PDT Partners LLC purchased a new stake in Pembina Pipeline in the third quarter worth about $1,329,000. Van ECK Associates Corp lifted its holdings in Pembina Pipeline by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company’s stock valued at $8,335,000 after purchasing an additional 16,762 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after purchasing an additional 624,958 shares during the period. Jennison Associates LLC increased its stake in shares of Pembina Pipeline by 32.3% in the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock worth $22,786,000 after purchasing an additional 150,689 shares in the last quarter. Finally, FMR LLC raised its position in shares of Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock valued at $22,573,000 after purchasing an additional 510,873 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 1.0 %

Shares of Pembina Pipeline stock opened at $38.49 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 15.90 and a beta of 1.25. Pembina Pipeline Co. has a twelve month low of $33.83 and a twelve month high of $43.44. The business has a 50-day moving average price of $36.74 and a 200-day moving average price of $39.40.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is 86.30%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Securities initiated coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Barclays assumed coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating for the company. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.50.

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.