PDT Partners LLC Acquires 40,327 Shares of Pembina Pipeline Co. (NYSE:PBA)

PDT Partners LLC boosted its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 125.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,547 shares of the pipeline company's stock after purchasing an additional 40,327 shares during the quarter. PDT Partners LLC's holdings in Pembina Pipeline were worth $2,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its stake in Pembina Pipeline by 86.5% during the third quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock valued at $2,226,000 after buying an additional 25,031 shares during the last quarter. Franklin Resources Inc. increased its stake in Pembina Pipeline by 14.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company's stock valued at $44,518,000 after purchasing an additional 127,027 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after buying an additional 624,958 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of Pembina Pipeline in the fourth quarter worth approximately $27,000. Finally, A. D. Beadell Investment Counsel Inc. grew its holdings in shares of Pembina Pipeline by 2.2% during the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 86,045 shares of the pipeline company's stock valued at $3,179,000 after buying an additional 1,828 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA traded down $0.31 during trading on Monday, hitting $38.77. The company's stock had a trading volume of 203,425 shares, compared to its average volume of 1,262,826. The company has a 50-day moving average of $38.26 and a 200-day moving average of $38.56. 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 firm has a market cap of $22.52 billion, a price-to-earnings ratio of 16.02 and a beta of 0.89. Pembina Pipeline Co. has a 12 month low of $34.13 and a 12 month high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.4783 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.93%. Pembina Pipeline's dividend payout ratio (DPR) is 86.76%.

Wall Street Analyst Weigh In

Several brokerages have commented on PBA. TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Pembina Pipeline has an average rating of "Moderate Buy" and an average price target of $56.00.

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.