Tcfg Wealth Management LLC Acquires 793 Shares of Pembina Pipeline Corp. $PBA

Tcfg Wealth Management LLC increased its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 8.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,214 shares of the pipeline company’s stock after purchasing an additional 793 shares during the period. Tcfg Wealth Management LLC’s holdings in Pembina Pipeline were worth $383,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PBA. Ameritas Advisory Services LLC acquired a new stake in Pembina Pipeline during the 2nd quarter worth approximately $66,000. ASR Vermogensbeheer N.V. raised its holdings in shares of Pembina Pipeline by 66.6% during the second quarter. ASR Vermogensbeheer N.V. now owns 127,089 shares of the pipeline company’s stock worth $4,762,000 after acquiring an additional 50,823 shares during the period. Addenda Capital Inc. lifted its position in Pembina Pipeline by 14.5% in the 2nd quarter. Addenda Capital Inc. now owns 627,890 shares of the pipeline company’s stock valued at $23,552,000 after acquiring an additional 79,425 shares in the last quarter. A. D. Beadell Investment Counsel Inc. boosted its stake in Pembina Pipeline by 1.8% in the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 85,235 shares of the pipeline company’s stock worth $3,197,000 after purchasing an additional 1,480 shares during the period. Finally, Pacifica Partners Inc. increased its holdings in Pembina Pipeline by 362.5% during the 2nd quarter. Pacifica Partners Inc. now owns 13,620 shares of the pipeline company’s stock worth $508,000 after purchasing an additional 10,675 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PBA. Wells Fargo & Company lowered Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. Jefferies Financial Group cut Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. National Bank Financial raised shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pembina Pipeline in a report on Saturday, September 27th. Finally, Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $41.14 on Tuesday. The stock has a market capitalization of $23.90 billion, a PE ratio of 19.31 and a beta of 0.76. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The stock has a 50 day moving average price of $38.25 and a 200 day moving average price of $37.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a dividend of $0.71 per share. The ex-dividend date was Monday, September 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a yield of 6.9%. Pembina Pipeline’s dividend payout ratio is presently 97.18%.

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.