Pembina Pipeline Co. (NYSE:PBA) Short Interest Up 43.5% in February

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 6,270,000 shares, an increase of 43.5% from the January 31st total of 4,370,000 shares. Based on an average trading volume of 1,510,000 shares, the short-interest ratio is currently 4.2 days. Approximately 1.1% of the company’s stock are sold short.

Pembina Pipeline Stock Performance

PBA stock opened at $38.37 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline has a 1 year low of $33.83 and a 1 year high of $43.44. The company has a market cap of $22.28 billion, a P/E ratio of 15.86 and a beta of 1.25. The stock’s fifty day moving average price is $36.77 and its 200-day moving average price is $39.40.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.99%. Pembina Pipeline’s payout ratio is 86.30%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Pembina Pipeline

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline in the third quarter worth approximately $26,000. Prospera Private Wealth LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter valued at $26,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline during the third quarter valued at $28,000. Versant Capital Management Inc bought a new stake in Pembina Pipeline during the fourth quarter valued at about $27,000. Finally, Blue Trust Inc. increased its position in Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after buying an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

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.