Guardian Capital Advisors LP Purchases 26,766 Shares of Pembina Pipeline Co. (NYSE:PBA)

Guardian Capital Advisors LP grew its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,105 shares of the pipeline company's stock after acquiring an additional 26,766 shares during the quarter. Guardian Capital Advisors LP's holdings in Pembina Pipeline were worth $8,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Baystate Wealth Management LLC bought a new stake in Pembina Pipeline during the fourth quarter worth $34,000. First Horizon Advisors Inc. grew its stake in shares of Pembina Pipeline by 303.7% in the 4th quarter. First Horizon Advisors Inc. now owns 1,518 shares of the pipeline company's stock worth $52,000 after acquiring an additional 1,142 shares in the last quarter. Rational Advisors LLC purchased a new stake in shares of Pembina Pipeline in the third quarter valued at about $59,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Pembina Pipeline by 22.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company's stock valued at $61,000 after purchasing an additional 329 shares during the last quarter. Finally, Pacifica Partners Inc. lifted its position in shares of Pembina Pipeline by 159.0% during the fourth quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company's stock valued at $68,000 after purchasing an additional 1,240 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Performance

NYSE:PBA traded up $0.21 during trading hours on Tuesday, reaching $37.08. The stock had a trading volume of 580,490 shares, compared to its average volume of 1,042,638. The stock has a market cap of $21.49 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 5.48 and a beta of 1.20. The stock has a 50 day simple moving average of $35.36 and a 200 day simple moving average of $34.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82. Pembina Pipeline Co. has a 12-month low of $28.15 and a 12-month high of $37.30.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.34. Pembina Pipeline had a net margin of 21.61% and a return on equity of 13.38%. The company had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.83 billion. On average, research analysts forecast that Pembina Pipeline Co. will post 2.24 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be paid a dividend of $0.501 per share. The ex-dividend date of this dividend is Monday, June 17th. This represents a $2.00 annualized dividend and a yield of 5.40%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.49. Pembina Pipeline's payout ratio is currently 85.65%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PBA shares. CIBC boosted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the stock an "outperformer" rating in a research note on Friday, April 19th. StockNews.com cut Pembina Pipeline from a "buy" rating to a "hold" rating in a research report on Monday. Finally, TheStreet raised Pembina Pipeline from a "c" rating to a "b-" rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and an average target price of $52.00.

About Pembina Pipeline

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.

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