First Trust Advisors LP Has $5.96 Million Stock Position in Pembina Pipeline Co. (NYSE:PBA)

First Trust Advisors LP increased its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 34.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 161,317 shares of the pipeline company's stock after buying an additional 41,425 shares during the quarter. First Trust Advisors LP's holdings in Pembina Pipeline were worth $5,959,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBA. Sound Income Strategies LLC acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth about $27,000. Versant Capital Management Inc bought a new position in Pembina Pipeline in the fourth quarter valued at approximately $27,000. Eastern Bank bought a new position in Pembina Pipeline in the fourth quarter valued at approximately $29,000. Principal Securities Inc. boosted its holdings in shares of Pembina Pipeline by 2,597.1% in the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock valued at $34,000 after buying an additional 883 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of Pembina Pipeline by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after acquiring an additional 880 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PBA. TD Securities started coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline Stock Up 0.0 %

NYSE:PBA traded up $0.01 on Tuesday, hitting $39.00. 111,674 shares of the company's stock were exchanged, compared to its average volume of 1,259,682. The firm has a 50-day moving average price of $38.31 and a 200-day moving average price of $38.53. Pembina Pipeline Co. has a 52 week low of $34.13 and a 52 week high of $43.44. 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 cap of $22.65 billion, a P/E ratio of 16.13 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.4783 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.91%. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.

Pembina Pipeline 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.