Pembina Pipeline Corp. $PBA Shares Sold by Yaupon Capital Management LP

Key Points

• Yaupon Capital Management LP sold 89,744 shares of Pembina Pipeline Corp., reducing its stake by 36.7% to 154,586 shares valued at approximately $6.2 million.
• Pembina Pipeline recently increased its quarterly dividend to $0.71, up from $0.51, representing an annualized yield of 7.5% for shareholders of record.
• Wall Street analysts have varied opinions on Pembina Pipeline, with ratings that range from a Strong Buy to a strong sell, resulting in a consensus rating of "Moderate Buy".

Yaupon Capital Management LP reduced its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 36.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,586 shares of the pipeline company's stock after selling 89,744 shares during the quarter. Yaupon Capital Management LP's holdings in Pembina Pipeline were worth $6,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after buying an additional 277 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in Pembina Pipeline during the first quarter worth $27,000. Larson Financial Group LLC lifted its stake in Pembina Pipeline by 53.4% during the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $54,000 after purchasing an additional 467 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Pembina Pipeline by 108.3% in the first quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock worth $61,000 after purchasing an additional 793 shares during the period. Finally, Dunhill Financial LLC increased its stake in Pembina Pipeline by 42.6% during the first quarter. Dunhill Financial LLC now owns 1,925 shares of the pipeline company's stock valued at $77,000 after purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

NYSE PBA traded up $0.22 on Friday, hitting $39.24. The stock had a trading volume of 1,310,669 shares, compared to its average volume of 1,341,546. The company's 50-day moving average is $37.20 and its two-hundred day moving average is $37.68. Pembina Pipeline Corp. has a one year low of $34.13 and a one year high of $43.44. The stock has a market cap of $22.79 billion, a price-to-earnings ratio of 18.42 and a beta of 0.79. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be given a $0.71 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.84 annualized dividend and a yield of 7.2%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.51. Pembina Pipeline's payout ratio is 95.77%.

Analysts Set New Price Targets

PBA has been the topic of a number of recent research reports. Wells Fargo & Company downgraded shares of Pembina Pipeline from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 6th. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Jefferies Financial Group lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday, July 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Finally, Wall Street Zen lowered Pembina Pipeline from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

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.