MADDEN SECURITIES Corp Makes New Investment in Pembina Pipeline Co. (NYSE:PBA)

MADDEN SECURITIES Corp acquired a new position in shares of Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,400 shares of the pipeline company’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. FORA Capital LLC grew its position in shares of Pembina Pipeline by 2.6% in the third quarter. FORA Capital LLC now owns 15,259 shares of the pipeline company’s stock valued at $463,000 after purchasing an additional 393 shares during the last quarter. Cigna Investments Inc. New boosted its position in Pembina Pipeline by 4.1% during the second quarter. Cigna Investments Inc. New now owns 10,508 shares of the pipeline company’s stock worth $371,000 after acquiring an additional 415 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Pembina Pipeline by 0.8% during the fourth quarter. Capital Investment Advisors LLC now owns 51,907 shares of the pipeline company’s stock worth $1,762,000 after acquiring an additional 428 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Pembina Pipeline by 1.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock worth $1,143,000 after acquiring an additional 438 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted its position in Pembina Pipeline by 8.1% during the second quarter. Checchi Capital Advisers LLC now owns 6,183 shares of the pipeline company’s stock worth $236,000 after acquiring an additional 463 shares during the last quarter. Institutional investors and hedge funds own 55.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wells Fargo & Company raised shares of Pembina Pipeline from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 16th. Credit Suisse Group downgraded shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research note on Friday, December 9th. National Bank Financial lifted their price target on shares of Pembina Pipeline from C$46.00 to C$47.00 in a research note on Friday, January 27th. CIBC lifted their price target on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research note on Monday, February 27th. Finally, Raymond James raised their price objective on shares of Pembina Pipeline from C$46.00 to C$47.00 in a report on Tuesday, December 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.63.

Pembina Pipeline Price Performance

NYSE PBA opened at $30.42 on Friday. The company has a 50 day simple moving average of $34.30 and a 200-day simple moving average of $33.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.67 and a quick ratio of 0.53. The firm has a market capitalization of $16.74 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 4.74 and a beta of 1.29. Pembina Pipeline Co. has a 52-week low of $29.64 and a 52-week high of $42.74.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date of this dividend is Tuesday, March 14th. Pembina Pipeline’s dividend payout ratio (DPR) is 48.35%.

Pembina Pipeline Company Profile

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Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure.