Sequoia Financial Advisors LLC Purchases 1,137 Shares of Pembina Pipeline Co. (NYSE:PBA)

Sequoia Financial Advisors LLC grew its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,010 shares of the pipeline company’s stock after acquiring an additional 1,137 shares during the period. Sequoia Financial Advisors LLC’s holdings in Pembina Pipeline were worth $413,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC bought a new position in shares of Pembina Pipeline in the 2nd quarter valued at about $41,000. Harbour Investments Inc. boosted its holdings in shares of Pembina Pipeline by 36.6% during the 2nd quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock worth $42,000 after buying an additional 361 shares during the period. Coppell Advisory Solutions Corp. bought a new stake in shares of Pembina Pipeline during the 4th quarter worth about $45,000. ICA Group Wealth Management LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter worth about $52,000. Finally, Rational Advisors LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth about $59,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at $34.13 on Thursday. Pembina Pipeline Co. has a twelve month low of $28.15 and a twelve month high of $36.17. The company has a quick ratio of 0.71, a current ratio of 0.82 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $34.82 and a two-hundred day simple moving average of $33.46. The stock has a market capitalization of $19.78 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 5.05 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Analysts forecast that Pembina Pipeline Co. will post 2.28 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.4944 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 annualized dividend and a yield of 5.79%. Pembina Pipeline’s payout ratio is 89.14%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PBA. StockNews.com raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet raised shares of Pembina Pipeline from a “c” rating to a “b-” rating in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

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.