Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC trimmed its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,000 shares of the pipeline company’s stock after selling 1,000 shares during the period. Chickasaw Capital Management LLC’s holdings in Pembina Pipeline were worth $296,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in shares of Pembina Pipeline by 97.2% during the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock worth $331,439,000 after acquiring an additional 4,405,792 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Pembina Pipeline by 56.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock worth $311,142,000 after buying an additional 3,043,200 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Pembina Pipeline by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company’s stock valued at $264,315,000 after buying an additional 481,285 shares during the period. Kayne Anderson Capital Advisors LP boosted its stake in shares of Pembina Pipeline by 15.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company’s stock valued at $171,360,000 after buying an additional 550,491 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after acquiring an additional 624,958 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PBA. Raymond James began coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. UBS Group began coverage on Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating on the stock. Finally, Barclays initiated coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Price Performance

Shares of PBA traded up $0.02 during trading hours on Tuesday, reaching $36.60. 555,596 shares of the company traded hands, compared to its average volume of 1,137,496. The stock has a fifty day simple moving average of $39.67 and a 200 day simple moving average of $39.69. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $21.25 billion, a PE ratio of 15.12 and a beta of 1.25. Pembina Pipeline Co. has a fifty-two week low of $32.81 and a fifty-two week high of $43.44.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a dividend yield of 7.54%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.30%.

About Pembina Pipeline

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.