Signaturefd LLC Has $378,000 Position in Pembina Pipeline Co. (NYSE:PBA)

Signaturefd LLC boosted its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 50.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,972 shares of the pipeline company’s stock after purchasing an additional 3,688 shares during the quarter. Signaturefd LLC’s holdings in Pembina Pipeline were worth $378,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PBA. Baystate Wealth Management LLC bought a new position in Pembina Pipeline during the 4th quarter valued at $34,000. Rational Advisors LLC bought a new position in Pembina Pipeline during the 3rd quarter valued at $59,000. Massmutual Trust Co. FSB ADV lifted its stake in Pembina Pipeline by 22.6% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after acquiring an additional 329 shares in the last quarter. Pacifica Partners Inc. lifted its stake in Pembina Pipeline by 159.0% during the 4th quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock valued at $68,000 after acquiring an additional 1,240 shares in the last quarter. Finally, CWM LLC lifted its stake in Pembina Pipeline by 23.2% during the 3rd quarter. CWM LLC now owns 2,938 shares of the pipeline company’s stock valued at $88,000 after acquiring an additional 554 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. CIBC raised 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. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. Finally, StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Pembina Pipeline Stock Up 0.6 %

PBA opened at $35.71 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The stock has a market cap of $20.69 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 5.29 and a beta of 1.20. Pembina Pipeline Co. has a twelve month low of $28.15 and a twelve month high of $36.17. The company’s 50-day moving average price is $35.00 and its two-hundred day moving average price is $33.69.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. As a group, equities analysts expect that Pembina Pipeline Co. will post 2.24 earnings per share for the current year.

Pembina Pipeline Increases Dividend

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