Albert D Mason Inc. Sells 300 Shares of Pembina Pipeline Co. (NYSE:PBA)

Albert D Mason Inc. trimmed its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,647 shares of the pipeline company’s stock after selling 300 shares during the quarter. Albert D Mason Inc.’s holdings in Pembina Pipeline were worth $1,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Eastern Bank bought a new stake in Pembina Pipeline during the 4th quarter worth approximately $29,000. JCIC Asset Management Inc. boosted its stake in Pembina Pipeline by 16.1% in the fourth quarter. JCIC Asset Management Inc. now owns 4,808 shares of the pipeline company’s stock worth $178,000 after purchasing an additional 668 shares in the last quarter. 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 worth $3,179,000 after purchasing an additional 1,828 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Pembina Pipeline during the fourth quarter worth $27,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after buying an additional 624,958 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 1.1 %

Shares of NYSE PBA opened at $37.47 on Friday. The company’s 50 day simple moving average is $38.88 and its 200 day simple moving average is $39.65. The firm has a market capitalization of $21.75 billion, a P/E ratio of 15.48 and a beta of 1.25. Pembina Pipeline Co. has a fifty-two week low of $32.81 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Increases Dividend

The business also recently announced 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 a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 7.37%. Pembina Pipeline’s dividend payout ratio is presently 80.58%.

Wall Street Analyst Weigh In

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

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.