OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 71.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,600 shares of the pipeline company’s stock after buying an additional 13,600 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Pembina Pipeline were worth $1,184,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. SWS Partners acquired a new stake in Pembina Pipeline during the 4th quarter worth approximately $100,000. Icon Wealth Partners LLC acquired a new stake in Pembina Pipeline during the 4th quarter worth approximately $103,000. SeaCrest Wealth Management LLC bought a new position in Pembina Pipeline during the 4th quarter worth approximately $115,000. Tower Research Capital LLC TRC raised its holdings in Pembina Pipeline by 78.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,979 shares of the pipeline company’s stock worth $144,000 after purchasing an additional 1,755 shares during the last quarter. Finally, BB&T Securities LLC bought a new position in Pembina Pipeline during the 4th quarter worth approximately $200,000. Institutional investors and hedge funds own 48.56% of the company’s stock.
PBA stock opened at $30.79 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64. Pembina Pipeline Corp has a fifty-two week low of $30.17 and a fifty-two week high of $36.99. The stock has a market cap of $15,678.55, a P/E ratio of 21.68 and a beta of 0.69.
The company also recently declared a monthly dividend, which will be paid on Sunday, April 15th. Shareholders of record on Sunday, March 25th will be issued a dividend of $0.1389 per share. The ex-dividend date is Thursday, March 22nd. This represents a $1.67 annualized dividend and a yield of 5.41%. Pembina Pipeline’s payout ratio is 118.31%.
PBA has been the subject of several analyst reports. Zacks Investment Research lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Macquarie lowered shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.00.
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Pembina Pipeline 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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