Duff & Phelps Investment Management Co. Sells 132,475 Shares of Pembina Pipeline Co. (NYSE:PBA)

Duff & Phelps Investment Management Co. cut its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,438,421 shares of the pipeline company’s stock after selling 132,475 shares during the quarter. Duff & Phelps Investment Management Co. owned approximately 0.25% of Pembina Pipeline worth $53,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. TD Securities started coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Barclays began coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

Pembina Pipeline Stock Performance

NYSE PBA opened at $39.87 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company has a market cap of $23.15 billion, a P/E ratio of 16.48 and a beta of 1.26. The stock has a 50-day moving average of $37.55 and a two-hundred day moving average of $39.30. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44.

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 $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.80%. Pembina Pipeline’s dividend payout ratio (DPR) 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.