LPL Financial LLC Buys 3,558 Shares of Pembina Pipeline Corp. (NYSE:PBA)

LPL Financial LLC increased its holdings in Pembina Pipeline Corp. (NYSE:PBAFree Report) (TSE:PPL) by 4.4% during the 1st quarter, Holdings Channel reports. The firm owned 85,312 shares of the pipeline company’s stock after buying an additional 3,558 shares during the period. LPL Financial LLC’s holdings in Pembina Pipeline were worth $3,415,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in Pembina Pipeline by 6.2% in the first quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company’s stock worth $1,933,000 after buying an additional 2,834 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Pembina Pipeline by 11.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company’s stock valued at $728,000 after purchasing an additional 1,824 shares during the last quarter. Bank of Nova Scotia Trust Co. lifted its holdings in shares of Pembina Pipeline by 20.9% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company’s stock valued at $12,466,000 after purchasing an additional 58,366 shares during the last quarter. Catalyst Capital Advisors LLC lifted its holdings in shares of Pembina Pipeline by 18.0% during the first quarter. Catalyst Capital Advisors LLC now owns 445,057 shares of the pipeline company’s stock valued at $17,816,000 after purchasing an additional 67,797 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. purchased a new position in shares of Pembina Pipeline during the first quarter valued at approximately $16,221,000. 55.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. National Bank Financial upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 25th. Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Barclays restated an “overweight” rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Check Out Our Latest Stock Analysis on Pembina Pipeline

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $36.69 on Friday. The firm has a market cap of $21.31 billion, a P/E ratio of 17.23 and a beta of 0.78. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $37.05 and a 200 day moving average of $37.50. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $43.44.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.71 per share. The ex-dividend date is Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a yield of 7.7%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.51. Pembina Pipeline’s dividend payout ratio (DPR) is presently 97.18%.

Pembina Pipeline Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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