Jefferies Group LLC acquired a new stake in Pembina Pipeline (NYSE:PBA) (TSE:PPL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 41,988 shares of the pipeline company’s stock, valued at approximately $1,519,000.
Several other hedge funds have also made changes to their positions in the company. Castleton Investment Management LLC raised its stake in shares of Pembina Pipeline by 6.6% in the 4th quarter. Castleton Investment Management LLC now owns 153,500 shares of the pipeline company’s stock valued at $5,557,000 after buying an additional 9,500 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Pembina Pipeline by 201.7% in the 4th quarter. Advisor Group Inc. now owns 17,598 shares of the pipeline company’s stock valued at $637,000 after buying an additional 11,766 shares in the last quarter. Franklin Square Holdings L.P. acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at $814,000. AMP Capital Investors Ltd raised its stake in shares of Pembina Pipeline by 174.6% in the 4th quarter. AMP Capital Investors Ltd now owns 2,300,577 shares of the pipeline company’s stock valued at $83,563,000 after buying an additional 1,462,723 shares in the last quarter. Finally, SIR Capital Management L.P. raised its stake in shares of Pembina Pipeline by 9.3% in the 4th quarter. SIR Capital Management L.P. now owns 596,005 shares of the pipeline company’s stock valued at $21,580,000 after buying an additional 50,663 shares in the last quarter. Institutional investors own 48.07% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Pembina Pipeline currently has an average rating of “Hold” and a consensus target price of $39.00.
Shares of PBA stock opened at $30.53 on Friday. The firm has a market capitalization of $15,226.97, a PE ratio of 22.95 and a beta of 0.64. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 0.64. Pembina Pipeline has a 52-week low of $29.28 and a 52-week high of $36.99.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, February 22nd. The pipeline company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $1.35 billion during the quarter. Pembina Pipeline had a net margin of 16.56% and a return on equity of 10.07%. equities research analysts forecast that Pembina Pipeline will post 1.71 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Tuesday, May 15th. Investors of record on Wednesday, April 25th will be given a dividend of $0.1397 per share. The ex-dividend date is Tuesday, April 24th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 5.49%. This is a boost from Pembina Pipeline’s previous monthly dividend of $0.14. Pembina Pipeline’s dividend payout ratio (DPR) is 126.32%.
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Pembina Pipeline Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through five segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, Midstream, and Veresen. The Conventional Pipelines segment operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota.
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