Capital Investment Advisors LLC Has $1.76 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

Capital Investment Advisors LLC decreased its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PBA. Godsey & Gibb Inc. bought a new position in Pembina Pipeline in the third quarter valued at about $25,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline in the 3rd quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Pembina Pipeline during the 3rd quarter worth approximately $26,000. Versant Capital Management Inc bought a new stake in Pembina Pipeline during the 4th quarter worth approximately $27,000. Finally, Dunhill Financial LLC acquired a new position in Pembina Pipeline in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

PBA stock opened at $36.31 on Tuesday. The company has a market capitalization of $21.08 billion, a P/E ratio of 15.00 and a beta of 1.25. Pembina Pipeline Co. has a 52-week low of $32.81 and a 52-week high of $43.44. The business has a 50-day simple moving average of $39.15 and a two-hundred day simple moving average of $39.69. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Pembina Pipeline Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays began coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating on the stock. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Raymond James started coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating for the company. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.50.

About Pembina Pipeline

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.