Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,438,421 shares of the pipeline company’s stock after selling 132,475 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Pembina Pipeline were worth $53,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Safe Harbor Fiduciary LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $26,000. Dunhill Financial LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter worth approximately $28,000. Versant Capital Management Inc acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at about $27,000. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $27,000. Finally, Eastern Bank bought a new stake in Pembina Pipeline in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PBA shares. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. 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. Finally, Barclays started coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Trading Down 0.5 %

NYSE:PBA opened at $39.87 on Friday. The business has a 50 day moving average price of $37.55 and a two-hundred day moving average price of $39.30. 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 Co. has a twelve month low of $33.83 and a twelve month high of $43.44. The company has a market cap of $23.15 billion, a P/E ratio of 16.48 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.4783 per share. The ex-dividend date is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 4.80%. 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.