Pembina Pipeline Co. (NYSE:PBA) Stock Holdings Lowered by Guardian Capital LP

Guardian Capital LP reduced its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,160 shares of the pipeline company's stock after selling 13,676 shares during the period. Guardian Capital LP owned approximately 0.08% of Pembina Pipeline worth $17,325,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sound Income Strategies LLC acquired a new stake in shares of Pembina Pipeline in the fourth quarter worth $27,000. Versant Capital Management Inc purchased a new position in Pembina Pipeline in the fourth quarter valued at about $27,000. Eastern Bank acquired a new position in shares of Pembina Pipeline during the fourth quarter worth about $29,000. Principal Securities Inc. boosted its position 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 worth $34,000 after buying an additional 883 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in shares of Pembina Pipeline by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock valued at $36,000 after buying an additional 880 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PBA. TD Securities initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Down 0.7 %

Shares of Pembina Pipeline stock traded down $0.28 during trading on Monday, reaching $38.80. The company had a trading volume of 234,822 shares, compared to its average volume of 1,262,918. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The firm's fifty day moving average is $38.26 and its 200-day moving average is $38.56. The company has a market cap of $22.54 billion, a price-to-earnings ratio of 16.05 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.4783 per share. The ex-dividend date was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.93%. Pembina Pipeline's dividend payout ratio (DPR) is 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.