Thrive Wealth Management LLC Reduces Holdings in Pembina Pipeline Co. (NYSE:PBA)

Thrive Wealth Management LLC trimmed its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 27,460 shares of the pipeline company’s stock after selling 408 shares during the period. Thrive Wealth Management LLC’s holdings in Pembina Pipeline were worth $1,015,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new position in Pembina Pipeline in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline during the 3rd quarter worth approximately $26,000. Prospera Private Wealth LLC acquired a new stake in Pembina Pipeline in the 3rd quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new stake in Pembina Pipeline in the third quarter valued at approximately $28,000. Finally, Versant Capital Management Inc acquired a new position in Pembina Pipeline during the fourth quarter worth $27,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $37.47 on Monday. The stock has a market cap of $21.75 billion, a P/E ratio of 15.48 and a beta of 1.25. The company has a fifty day simple moving average of $38.81 and a 200-day simple moving average of $39.67. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 12-month low of $32.81 and a 12-month high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 7.37%. The ex-dividend date was Monday, December 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is 80.58%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PBA shares. Barclays initiated coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Raymond James began coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating on the stock. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.50.

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.