Y Intercept Hong Kong Ltd Takes Position in Pembina Pipeline Corp. $PBA

Y Intercept Hong Kong Ltd bought a new position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 124,629 shares of the pipeline company’s stock, valued at approximately $4,675,000.

Several other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in Pembina Pipeline by 69.9% in the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 277 shares during the period. Farther Finance Advisors LLC raised its holdings in Pembina Pipeline by 8.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company’s stock worth $142,000 after acquiring an additional 307 shares during the period. Hexagon Capital Partners LLC raised its holdings in Pembina Pipeline by 17.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company’s stock worth $96,000 after acquiring an additional 349 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Pembina Pipeline by 11.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,436 shares of the pipeline company’s stock worth $129,000 after acquiring an additional 352 shares during the period. Finally, Cardinal Point Capital Management ULC raised its holdings in Pembina Pipeline by 1.7% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 23,926 shares of the pipeline company’s stock worth $897,000 after acquiring an additional 400 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at $38.09 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. The firm’s 50-day simple moving average is $38.89 and its 200-day simple moving average is $37.92. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $43.44. The firm has a market cap of $22.13 billion, a P/E ratio of 17.88 and a beta of 0.76.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were given a dividend of $0.71 per share. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.51. The ex-dividend date was Monday, September 15th. This represents a $2.84 annualized dividend and a dividend yield of 7.5%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 97.18%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Pembina Pipeline in a report on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Finally, Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.