Pembina Pipeline Co. (NYSE:PBA) Short Interest Down 73.1% in January

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 4,050,000 shares, a decrease of 73.1% from the December 31st total of 15,040,000 shares. Based on an average daily volume of 1,150,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 0.7% of the company’s shares are short sold.

Institutional Investors Weigh In On Pembina Pipeline

Hedge funds and other institutional investors have recently modified their holdings of the company. Kingsview Wealth Management LLC raised its holdings in shares of Pembina Pipeline by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after acquiring an additional 273 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock worth $108,000 after acquiring an additional 308 shares during the period. CENTRAL TRUST Co increased its position in Pembina Pipeline by 65.0% in the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after buying an additional 325 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock valued at $770,000 after acquiring an additional 334 shares during the period. Finally, Gold Investment Management Ltd. raised its position in shares of Pembina Pipeline by 4.2% in the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 439 shares during the period. Institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on PBA shares. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays initiated coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Trading Down 0.9 %

Shares of PBA stock traded down $0.35 during trading hours on Tuesday, hitting $36.39. 1,453,900 shares of the company’s stock traded hands, compared to its average volume of 1,191,329. The stock has a market cap of $21.13 billion, a PE ratio of 15.04 and a beta of 1.25. The stock’s 50 day simple moving average is $38.29 and its 200 day simple moving average is $39.67. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline has a 12 month low of $32.81 and a 12 month high of $43.44.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.69 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a yield of 7.58%. The ex-dividend date was Monday, December 16th. Pembina Pipeline’s payout ratio is 80.58%.

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.