Pembina Pipeline Co. (NYSE:PBA) Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 34.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 161,317 shares of the pipeline company’s stock after acquiring an additional 41,425 shares during the period. First Trust Advisors LP’s holdings in Pembina Pipeline were worth $5,959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in shares of Pembina Pipeline in the fourth quarter valued at $27,000. Versant Capital Management Inc bought a new position in shares of Pembina Pipeline in the 4th quarter worth about $27,000. Eastern Bank bought a new position in shares of Pembina Pipeline in the 4th quarter worth about $29,000. Principal Securities Inc. lifted its position in Pembina Pipeline by 2,597.1% in the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company’s stock valued at $34,000 after purchasing an additional 883 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Pembina Pipeline by 880.0% in the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company’s stock valued at $36,000 after purchasing an additional 880 shares during the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Down 0.8 %

Pembina Pipeline stock opened at $38.24 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of 15.80 and a beta of 0.89. Pembina Pipeline Co. has a one year low of $34.13 and a one year high of $43.44. The company’s fifty day moving average price is $38.15 and its two-hundred day moving average price is $38.67.

Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.4783 per share. This represents a $1.91 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is 86.76%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PBA. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

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.