Signaturefd LLC Boosts Holdings in Pembina Pipeline Co. (NYSE:PBA)

Signaturefd LLC lifted its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 50.6% in the 4th quarter, HoldingsChannel reports. The firm owned 10,972 shares of the pipeline company’s stock after buying an additional 3,688 shares during the quarter. Signaturefd LLC’s holdings in Pembina Pipeline were worth $378,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PBA. Baystate Wealth Management LLC purchased a new stake in shares of Pembina Pipeline in the 4th quarter worth about $34,000. Rational Advisors LLC purchased a new stake in shares of Pembina Pipeline in the 3rd quarter worth about $59,000. Massmutual Trust Co. FSB ADV lifted its position in shares of Pembina Pipeline by 22.6% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after purchasing an additional 329 shares during the period. Pacifica Partners Inc. lifted its position in shares of Pembina Pipeline by 159.0% in the 4th quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock worth $68,000 after purchasing an additional 1,240 shares during the period. Finally, CWM LLC lifted its position in shares of Pembina Pipeline by 23.2% in the 3rd quarter. CWM LLC now owns 2,938 shares of the pipeline company’s stock worth $88,000 after purchasing an additional 554 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. CIBC increased their price target on shares of Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. Finally, StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.00.

Pembina Pipeline Stock Up 0.6 %

NYSE:PBA opened at $35.71 on Friday. The firm has a market cap of $20.69 billion, a P/E ratio of 16.16, a P/E/G ratio of 5.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82. Pembina Pipeline Co. has a fifty-two week low of $28.15 and a fifty-two week high of $36.17. The firm has a 50-day simple moving average of $35.00 and a two-hundred day simple moving average of $33.69.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. Analysts predict that Pembina Pipeline Co. will post 2.24 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.4944 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.54%. Pembina Pipeline’s payout ratio is currently 89.14%.

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.