Pembina Pipeline Co. (NYSE:PBA) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 11.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,206 shares of the pipeline company’s stock after purchasing an additional 1,439 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Pembina Pipeline were worth $525,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its stake in Pembina Pipeline by 71.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company’s stock worth $130,501,000 after purchasing an additional 1,319,709 shares during the period. AGF Management Ltd. boosted its stake in shares of Pembina Pipeline by 612.7% during the fourth quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company’s stock worth $40,025,000 after buying an additional 929,206 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Pembina Pipeline by 18.2% during 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. Kayne Anderson Capital Advisors LP increased its position in Pembina Pipeline by 15.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company’s stock valued at $171,360,000 after acquiring an additional 550,491 shares during the period. Finally, FMR LLC raised its stake in Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock valued at $22,573,000 after acquiring an additional 510,873 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Trading Up 0.1 %

NYSE:PBA opened at $39.02 on Tuesday. The stock has a market capitalization of $22.65 billion, a price-to-earnings ratio of 16.12 and a beta of 1.26. Pembina Pipeline Co. has a 1 year low of $33.83 and a 1 year high of $43.44. The stock has a fifty day moving average price of $37.05 and a two-hundred day moving average price of $39.32. 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is 86.76%.

Analyst Ratings Changes

A number of research firms have recently issued reports on PBA. TD Securities assumed 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 note on Monday, March 10th. Barclays assumed coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

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.