Crossmark Global Holdings Inc. increased its holdings in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,932 shares of the pipeline company’s stock after purchasing an additional 5,795 shares during the period. Crossmark Global Holdings Inc. owned approximately 0.06% of Pembina Pipeline worth $10,634,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of Pembina Pipeline by 51.8% during the 2nd quarter. Alliancebernstein L.P. now owns 44,961 shares of the pipeline company’s stock worth $1,489,000 after acquiring an additional 15,342 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Pembina Pipeline by 8.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 18,257 shares of the pipeline company’s stock worth $605,000 after acquiring an additional 1,418 shares during the last quarter. Northern Trust Corp grew its holdings in Pembina Pipeline by 1.9% in the 2nd quarter. Northern Trust Corp now owns 364,743 shares of the pipeline company’s stock valued at $12,080,000 after buying an additional 6,916 shares in the last quarter. Vanguard Group Inc. grew its holdings in Pembina Pipeline by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 9,944,566 shares of the pipeline company’s stock valued at $329,364,000 after buying an additional 465,249 shares in the last quarter. Finally, FMR LLC grew its holdings in Pembina Pipeline by 7.1% in the 2nd quarter. FMR LLC now owns 2,132,381 shares of the pipeline company’s stock valued at $70,624,000 after buying an additional 142,031 shares in the last quarter. Institutional investors and hedge funds own 45.03% of the company’s stock.
A number of research analysts have commented on PBA shares. Zacks Investment Research lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.
Pembina Pipeline Corp (PBA) traded down $0.29 during trading on Tuesday, reaching $31.52. The company’s stock had a trading volume of 142,565 shares, compared to its average volume of 521,265. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $16,000.00, a P/E ratio of 31.89 and a beta of 0.66. Pembina Pipeline Corp has a 1 year low of $30.17 and a 1 year high of $36.99.
The company also recently announced a feb 18 dividend, which will be paid on Thursday, March 15th. Shareholders of record on Sunday, February 25th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, February 22nd. This represents a yield of 0.00560224089635854%. Pembina Pipeline’s dividend payout ratio is presently 175.76%.
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Pembina Pipeline Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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