Claret Asset Management Corp Lowers Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Claret Asset Management Corp reduced its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,728 shares of the pipeline company’s stock after selling 436 shares during the period. Claret Asset Management Corp’s holdings in Pembina Pipeline were worth $1,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PBA. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline in the fourth quarter worth approximately $27,000. Versant Capital Management Inc bought a new stake in Pembina Pipeline during the fourth quarter worth about $27,000. Eastern Bank bought a new stake in Pembina Pipeline during the 4th quarter valued at about $29,000. Principal Securities Inc. boosted its position in shares of Pembina Pipeline by 2,597.1% during the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company’s stock valued at $34,000 after buying an additional 883 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Pembina Pipeline by 880.0% in the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company’s stock worth $36,000 after buying an additional 880 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on PBA. TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Trading Up 1.5 %

Shares of Pembina Pipeline stock opened at $37.96 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The stock has a 50 day moving average of $37.84 and a 200 day moving average of $38.90. Pembina Pipeline Co. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The firm has a market capitalization of $22.04 billion, a price-to-earnings ratio of 15.69 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline’s dividend payout ratio is currently 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.