Yaupon Capital Management LP Makes New Investment in Pembina Pipeline Co. (NYSE:PBA)

Yaupon Capital Management LP bought a new position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 244,330 shares of the pipeline company's stock, valued at approximately $9,027,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in Pembina Pipeline by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock worth $919,503,000 after purchasing an additional 770,729 shares during the period. TD Asset Management Inc. grew its stake in Pembina Pipeline by 5.4% in the 4th quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company's stock valued at $250,732,000 after buying an additional 347,872 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Pembina Pipeline by 0.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company's stock valued at $230,610,000 after acquiring an additional 32,519 shares during the period. Scotia Capital Inc. lifted its position in Pembina Pipeline by 1.7% during the fourth quarter. Scotia Capital Inc. now owns 4,969,977 shares of the pipeline company's stock worth $183,596,000 after acquiring an additional 85,121 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Pembina Pipeline during the fourth quarter worth approximately $171,860,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of NYSE PBA traded up $0.15 during mid-day trading on Friday, reaching $38.51. The company had a trading volume of 510,982 shares, compared to its average volume of 1,272,313. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 15.91 and a beta of 0.89. The business's 50-day simple moving average is $38.02 and its 200 day simple moving average is $38.70. Pembina Pipeline Co. has a one year low of $34.13 and a one year high of $43.44. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.4783 dividend. This represents a $1.91 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's dividend payout ratio is currently 86.76%.

Analysts Set New Price Targets

A number of research analysts have commented on PBA shares. TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $56.00.

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.