Flagship Wealth Advisors LLC Acquires Shares of 1,661 Pembina Pipeline Co. (NYSE:PBA)

Flagship Wealth Advisors LLC acquired a new stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the 4th quarter, Holdings Channel reports. The firm acquired 1,661 shares of the pipeline company’s stock, valued at approximately $61,000.

Other institutional investors have also bought and sold shares of the company. PDT Partners LLC bought a new position in Pembina Pipeline during the third quarter valued at $1,329,000. Van ECK Associates Corp lifted its position in Pembina Pipeline by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company’s stock valued at $8,335,000 after purchasing an additional 16,762 shares during the last quarter. JPMorgan Chase & Co. lifted 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 acquiring an additional 624,958 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Pembina Pipeline by 32.3% in the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock worth $22,786,000 after acquiring an additional 150,689 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Pembina Pipeline by 1,396.8% in the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after acquiring an additional 510,873 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. TD Securities assumed coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating for the company. Barclays assumed coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.50.

Pembina Pipeline Trading Up 0.1 %

Shares of PBA opened at $39.02 on Tuesday. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44. The company has a 50-day moving average of $37.05 and a 200 day moving average of $39.32. The firm has a market capitalization of $22.65 billion, a price-to-earnings ratio of 16.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.4783 per share. The ex-dividend date is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 4.90%. Pembina Pipeline’s payout ratio is 86.76%.

Pembina Pipeline Company 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.