Dunhill Financial LLC Buys Shares of 675 Pembina Pipeline Co. (NYSE:PBA)

Dunhill Financial LLC purchased a new position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 675 shares of the pipeline company’s stock, valued at approximately $28,000.

A number of other institutional investors also recently modified their holdings of PBA. Kingsview Wealth Management LLC raised its stake in Pembina Pipeline by 4.1% during the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after buying an additional 273 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 325 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock valued at $770,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after purchasing an additional 387 shares in the last quarter. Finally, Gold Investment Management Ltd. grew its stake in Pembina Pipeline by 4.2% during the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock worth $453,000 after purchasing an additional 439 shares during the period. 55.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PBA has been the topic of several recent analyst reports. Citigroup increased their price target on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. UBS Group assumed coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating on the stock. Finally, Raymond James began coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Trading Down 2.8 %

Shares of Pembina Pipeline stock opened at $39.44 on Monday. The stock has a market capitalization of $22.90 billion, a PE ratio of 16.30 and a beta of 1.24. Pembina Pipeline Co. has a 52 week low of $32.39 and a 52 week high of $43.44. The stock has a 50 day moving average price of $41.90 and a two-hundred day moving average price of $39.61. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 7.00%. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s payout ratio is 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.