Capital Investment Advisors LLC Sells 1,624 Shares of Pembina Pipeline Co. (NYSE:PBA)

Capital Investment Advisors LLC lowered its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 47,650 shares of the pipeline company’s stock after selling 1,624 shares during the quarter. Capital Investment Advisors LLC’s holdings in Pembina Pipeline were worth $1,761,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PBA. A. D. Beadell Investment Counsel Inc. boosted its position in Pembina Pipeline by 2.2% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 86,045 shares of the pipeline company’s stock worth $3,179,000 after purchasing an additional 1,828 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Pembina Pipeline during the 4th quarter worth $27,000. JPMorgan Chase & Co. boosted its holdings in shares of Pembina Pipeline by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after buying an additional 624,958 shares during the last quarter. Franklin Resources Inc. grew its position in Pembina Pipeline by 14.2% during the third quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company’s stock valued at $44,518,000 after buying an additional 127,027 shares during the period. Finally, Geode Capital Management LLC increased its holdings in Pembina Pipeline by 10.2% during the third quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company’s stock worth $113,531,000 after buying an additional 251,982 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

NYSE PBA opened at $36.31 on Tuesday. The firm has a market cap of $21.08 billion, a P/E ratio of 15.00 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The company’s 50 day moving average is $39.15 and its 200-day moving average is $39.69. Pembina Pipeline Co. has a 12-month low of $32.81 and a 12-month high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.69 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 7.60%. Pembina Pipeline’s payout ratio is presently 80.58%.

Analyst Ratings Changes

A number of research analysts have weighed in on PBA shares. Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays began coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Finally, Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.