VSM Wealth Advisory LLC Buys Shares of 1,000 Pembina Pipeline Co. (NYSE:PBA)

VSM Wealth Advisory LLC purchased a new position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the pipeline company’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in Pembina Pipeline during the 3rd quarter worth approximately $284,000. Empowered Funds LLC grew its stake in shares of Pembina Pipeline by 96.8% in the third quarter. Empowered Funds LLC now owns 12,334 shares of the pipeline company’s stock worth $509,000 after purchasing an additional 6,068 shares during the last quarter. Natixis Advisors LLC increased its holdings in Pembina Pipeline by 19.2% in the third quarter. Natixis Advisors LLC now owns 33,232 shares of the pipeline company’s stock valued at $1,370,000 after purchasing an additional 5,360 shares during the period. Swiss National Bank increased its holdings in Pembina Pipeline by 0.8% in the third quarter. Swiss National Bank now owns 1,752,596 shares of the pipeline company’s stock valued at $72,360,000 after purchasing an additional 13,800 shares during the period. Finally, Prospera Private Wealth LLC bought a new position in Pembina Pipeline during the 3rd quarter worth $26,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PBA. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. TD Securities started coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $39.48 on Thursday. The stock’s 50 day moving average price is $37.15 and its two-hundred day moving average price is $39.32. The stock has a market capitalization of $22.92 billion, a price-to-earnings ratio of 16.31 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a 52-week low of $33.83 and a 52-week high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is 86.76%.

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.