Farther Finance Advisors LLC Raises Holdings in Pembina Pipeline Corp. $PBA

Farther Finance Advisors LLC lifted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 8.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,774 shares of the pipeline company’s stock after purchasing an additional 307 shares during the period. Farther Finance Advisors LLC’s holdings in Pembina Pipeline were worth $142,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PBA. Wealth Enhancement Advisory Services LLC grew its stake in Pembina Pipeline by 10.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 16,358 shares of the pipeline company’s stock worth $604,000 after acquiring an additional 1,601 shares during the period. Versant Capital Management Inc grew its stake in Pembina Pipeline by 108.3% in the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 793 shares during the period. GAMMA Investing LLC grew its stake in Pembina Pipeline by 3,903.6% in the 1st quarter. GAMMA Investing LLC now owns 3,363 shares of the pipeline company’s stock worth $135,000 after acquiring an additional 3,279 shares during the period. NBC Securities Inc. grew its stake in Pembina Pipeline by 165,466.7% in the 1st quarter. NBC Securities Inc. now owns 4,967 shares of the pipeline company’s stock worth $198,000 after acquiring an additional 4,964 shares during the period. Finally, Albert D Mason Inc. grew its stake in Pembina Pipeline by 1.0% in the 1st quarter. Albert D Mason Inc. now owns 43,073 shares of the pipeline company’s stock worth $1,724,000 after acquiring an additional 426 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

Shares of PBA stock opened at $39.70 on Friday. Pembina Pipeline Corp. has a 12 month low of $34.13 and a 12 month high of $43.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The firm has a market capitalization of $23.06 billion, a P/E ratio of 18.64 and a beta of 0.76. The company’s fifty day moving average price is $38.06 and its two-hundred day moving average price is $37.87.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a $0.71 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a yield of 7.2%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.51. Pembina Pipeline’s dividend payout ratio (DPR) is presently 96.71%.

Analyst Ratings Changes

Several analysts have commented on PBA shares. Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Jefferies Financial Group cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. National Bank Financial raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.