Viking Fund Management LLC raised its holdings in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 275.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,000 shares of the pipeline company’s stock after buying an additional 4,400 shares during the period. Viking Fund Management LLC’s holdings in Pembina Pipeline were worth $217,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Nova Scotia boosted its position in Pembina Pipeline by 0.8% during the second quarter. Bank of Nova Scotia now owns 1,685,920 shares of the pipeline company’s stock valued at $55,842,000 after buying an additional 13,345 shares during the period. Shell Asset Management Co. boosted its position in Pembina Pipeline by 259.3% during the third quarter. Shell Asset Management Co. now owns 122,186 shares of the pipeline company’s stock valued at $5,765,000 after buying an additional 88,182 shares during the period. Tower Research Capital LLC TRC boosted its position in Pembina Pipeline by 111.7% during the second quarter. Tower Research Capital LLC TRC now owns 7,453 shares of the pipeline company’s stock valued at $320,000 after buying an additional 3,933 shares during the period. TD Asset Management Inc. boosted its position in Pembina Pipeline by 4.0% during the third quarter. TD Asset Management Inc. now owns 5,845,179 shares of the pipeline company’s stock valued at $204,615,000 after buying an additional 226,004 shares during the period. Finally, Friedberg Investment Management purchased a new stake in Pembina Pipeline during the second quarter valued at about $532,000. Institutional investors and hedge funds own 42.31% of the company’s stock.
Shares of Pembina Pipeline Corp (PBA) opened at $35.02 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. Pembina Pipeline Corp has a 1 year low of $30.32 and a 1 year high of $36.99. The stock has a market cap of $17,710.68, a PE ratio of 35.37 and a beta of 0.73.
The company also recently announced a jan 18 dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, January 25th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, January 24th. This represents a dividend yield of 4.93%. Pembina Pipeline’s dividend payout ratio is currently 174.75%.
Several research firms have issued reports on PBA. Macquarie lowered shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $39.00.
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Pembina Pipeline Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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