Bard Associates Inc. Reduces Stake in Pembina Pipeline Co. (NYSE:PBA)

Bard Associates Inc. lowered its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.0% in the 4th quarter, HoldingsChannel reports. The fund owned 29,758 shares of the pipeline company’s stock after selling 300 shares during the period. Bard Associates Inc.’s holdings in Pembina Pipeline were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new position in Pembina Pipeline in the third quarter worth about $26,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $27,000. Sound Income Strategies LLC purchased a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $27,000. Finally, Dunhill Financial LLC purchased a new position in shares of Pembina Pipeline during the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $38.49 on Tuesday. The company has a 50 day moving average price of $36.74 and a 200-day moving average price of $39.40. 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 Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The company has a market capitalization of $22.35 billion, a PE ratio of 15.90 and a beta of 1.25.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio is presently 86.30%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Barclays assumed coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.