Signaturefd LLC Has $727,000 Position in Pembina Pipeline Co. (NYSE:PBA)

Signaturefd LLC boosted its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 19.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,666 shares of the pipeline company’s stock after buying an additional 3,180 shares during the period. Signaturefd LLC’s holdings in Pembina Pipeline were worth $727,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Corient Private Wealth LLC lifted its holdings in Pembina Pipeline by 87.1% in the fourth quarter. Corient Private Wealth LLC now owns 35,007 shares of the pipeline company’s stock valued at $1,299,000 after buying an additional 16,293 shares during the period. Natixis Advisors LLC lifted its holdings in Pembina Pipeline by 3.4% in the fourth quarter. Natixis Advisors LLC now owns 34,365 shares of the pipeline company’s stock valued at $1,270,000 after buying an additional 1,133 shares during the period. Midwest Professional Planners LTD. acquired a new position in Pembina Pipeline in the fourth quarter valued at approximately $612,000. Aviso Financial Inc. lifted its holdings in Pembina Pipeline by 10.5% in the fourth quarter. Aviso Financial Inc. now owns 115,035 shares of the pipeline company’s stock valued at $4,249,000 after buying an additional 10,941 shares during the period. Finally, Achmea Investment Management B.V. lifted its holdings in Pembina Pipeline by 26.8% in the fourth quarter. Achmea Investment Management B.V. now owns 422,838 shares of the pipeline company’s stock valued at $15,614,000 after buying an additional 89,392 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PBA has been the subject of several recent analyst reports. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating for the company. TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Stock Up 1.2 %

Shares of PBA stock opened at $39.48 on Thursday. The firm has a fifty day moving average of $37.15 and a 200-day moving average of $39.32. 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 12-month low of $33.83 and a 12-month high of $43.44. The company has a market capitalization of $22.92 billion, a price-to-earnings ratio of 16.31 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 86.76%.

Pembina Pipeline 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.