Hillsdale Investment Management Inc. Raises Stake in Pembina Pipeline Co. (NYSE:PBA)

Hillsdale Investment Management Inc. grew its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 338.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,289,706 shares of the pipeline company’s stock after purchasing an additional 995,735 shares during the quarter. Pembina Pipeline makes up approximately 2.4% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its 8th largest holding. Hillsdale Investment Management Inc. owned approximately 0.22% of Pembina Pipeline worth $47,598,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PBA. Safe Harbor Fiduciary LLC bought a new position in Pembina Pipeline during the third quarter worth about $26,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline during the third quarter worth about $26,000. Dunhill Financial LLC bought a new position in Pembina Pipeline during the third quarter worth about $28,000. Versant Capital Management Inc bought a new position in Pembina Pipeline during the fourth quarter worth about $27,000. Finally, Sound Income Strategies LLC acquired a new stake in Pembina Pipeline during the fourth quarter worth about $27,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Down 0.7 %

PBA opened at $39.69 on Friday. The company’s 50 day moving average is $37.28 and its 200-day moving average is $39.32. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a market cap of $23.04 billion, a P/E ratio of 16.40 and a beta of 1.26.

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 $0.4783 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.82%. Pembina Pipeline’s payout ratio is currently 86.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Securities assumed coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Citigroup upgraded 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 note on Thursday, December 12th. They set an “overweight” rating on the stock. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” 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.