12,813 Shares in Pembina Pipeline Co. (NYSE:PBA) Acquired by Duality Advisers LP

Duality Advisers LP bought a new position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,813 shares of the pipeline company’s stock, valued at approximately $441,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC acquired a new stake in Pembina Pipeline during the fourth quarter worth $34,000. Rational Advisors LLC acquired a new stake in Pembina Pipeline during the third quarter worth $59,000. Massmutual Trust Co. FSB ADV increased its stake in Pembina Pipeline by 22.6% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 329 shares during the last quarter. Pacifica Partners Inc. increased its stake in Pembina Pipeline by 159.0% during the fourth quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock worth $68,000 after acquiring an additional 1,240 shares during the last quarter. Finally, CWM LLC increased its stake in Pembina Pipeline by 23.2% during the third quarter. CWM LLC now owns 2,938 shares of the pipeline company’s stock worth $88,000 after acquiring an additional 554 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PBA shares. CIBC lifted their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research note on Friday, April 19th. StockNews.com raised Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a research note on Thursday, February 29th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Trading Up 0.6 %

PBA opened at $35.71 on Friday. Pembina Pipeline Co. has a 12 month low of $28.15 and a 12 month high of $36.17. The stock has a market capitalization of $20.69 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 5.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The business has a fifty day moving average price of $35.00 and a 200 day moving average price of $33.69.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.83 billion. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. Sell-side analysts expect that Pembina Pipeline Co. will post 2.24 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.4944 per share. This represents a $1.98 dividend on an annualized basis and a yield of 5.54%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date was Thursday, March 14th. Pembina Pipeline’s payout ratio is 89.14%.

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.