23,301 Shares in Pembina Pipeline Co. (NYSE:PBA) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,301 shares of the pipeline company’s stock, valued at approximately $961,000.

A number of other institutional investors also recently bought and sold shares of the company. CENTRAL TRUST Co lifted its stake 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 purchasing an additional 325 shares during the period. Granite Group Advisors LLC raised its position in Pembina Pipeline by 5.2% in the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock worth $237,000 after acquiring an additional 330 shares during the period. EverSource Wealth Advisors LLC raised its position in Pembina Pipeline by 30.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after acquiring an additional 387 shares during the period. Gold Investment Management Ltd. grew its position in shares of Pembina Pipeline by 4.2% during the 3rd quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock valued at $453,000 after acquiring an additional 439 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Pembina Pipeline by 2.7% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,341 shares of the pipeline company’s stock worth $680,000 after purchasing an additional 478 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 0.2 %

NYSE PBA opened at $41.52 on Thursday. 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 $31.51 and a 12 month high of $43.44. The stock’s 50 day moving average is $41.68 and its 200 day moving average is $38.98. The stock has a market cap of $24.10 billion, a PE ratio of 17.15 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.65%. Pembina Pipeline’s dividend payout ratio is currently 84.30%.

Analyst Ratings Changes

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