Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Cascade Investment Group Inc.

Cascade Investment Group Inc. decreased its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,238 shares of the pipeline company’s stock after selling 905 shares during the period. Pembina Pipeline comprises 1.7% of Cascade Investment Group Inc.’s holdings, making the stock its 10th largest holding. Cascade Investment Group Inc.’s holdings in Pembina Pipeline were worth $2,337,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new stake in shares of Pembina Pipeline during the 3rd quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new stake in Pembina Pipeline during the 3rd quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new position in Pembina Pipeline in the 3rd quarter worth about $26,000. Versant Capital Management Inc bought a new position in Pembina Pipeline in the fourth quarter valued at about $27,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Pembina Pipeline during the third quarter valued at about $28,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Stock Up 1.1 %

PBA opened at $37.47 on Monday. The company has a 50 day moving average of $38.81 and a 200 day moving average of $39.67. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 12 month low of $32.81 and a 12 month high of $43.44. The company has a market cap of $21.75 billion, a PE ratio of 15.48 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a yield of 7.37%. Pembina Pipeline’s dividend payout ratio is currently 80.58%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PBA shares. Raymond James began coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. TD Securities started coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Barclays assumed coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $56.50.

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.