Pembina Pipeline Co. (NYSE:PBA) Stock Holdings Lowered by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 119,747 shares of the pipeline company’s stock after selling 2,032 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Pembina Pipeline were worth $4,937,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PBA. Godsey & Gibb Inc. purchased a new position in shares of Pembina Pipeline during the third quarter valued at $25,000. Prospera Private Wealth LLC purchased a new stake in shares of Pembina Pipeline in the third quarter worth approximately $26,000. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 508 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Pembina Pipeline by 65.0% during the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after buying an additional 325 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Pembina Pipeline by 67.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $55,000 after acquiring an additional 541 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Trading Down 0.1 %

Pembina Pipeline stock opened at $41.19 on Friday. Pembina Pipeline Co. has a one year low of $32.39 and a one year high of $43.44. The company’s fifty day moving average price is $41.99 and its two-hundred day moving average price is $39.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company has a market capitalization of $23.91 billion, a price-to-earnings ratio of 17.02 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.70%. Pembina Pipeline’s dividend payout ratio is currently 84.30%.

Analysts Set New Price Targets

Several brokerages recently issued reports on PBA. Raymond James started coverage on Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating for the company. Citigroup lifted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Finally, UBS Group assumed coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.