Pembina Pipeline Co. (NYSE:PBA) Holdings Lifted by A. D. Beadell Investment Counsel Inc.

A. D. Beadell Investment Counsel Inc. raised its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,045 shares of the pipeline company’s stock after acquiring an additional 1,828 shares during the period. Pembina Pipeline accounts for approximately 2.6% of A. D. Beadell Investment Counsel Inc.’s portfolio, making the stock its 9th largest position. A. D. Beadell Investment Counsel Inc.’s holdings in Pembina Pipeline were worth $3,179,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline during the 3rd quarter worth $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth about $26,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline during the third quarter worth about $26,000. Versant Capital Management Inc acquired a new position in Pembina Pipeline in the 4th quarter valued at about $27,000. Finally, Dunhill Financial LLC acquired a new stake in Pembina Pipeline during the 3rd quarter worth approximately $28,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

PBA has been the subject of several recent research reports. Barclays initiated coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. Raymond James started coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Price Performance

NYSE PBA traded down $0.75 during mid-day trading on Friday, hitting $36.22. The stock had a trading volume of 255,394 shares, compared to its average volume of 1,175,071. The company has a 50 day simple moving average of $39.37 and a 200 day simple moving average of $39.65. The company has a market cap of $21.03 billion, a price-to-earnings ratio of 14.97 and a beta of 1.25. Pembina Pipeline Co. has a 52-week low of $32.81 and a 52-week high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 7.62%. The ex-dividend date of this dividend was Monday, December 16th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s payout ratio is 84.30%.

Pembina Pipeline Company 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.