Pembina Pipeline Corp. (PBA) Short Interest Update
Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,817,401 shares, a decrease of 61.6% from the October 13th total of 4,737,007 shares. Based on an average daily trading volume, of 422,500 shares, the short-interest ratio is currently 4.3 days. Currently, 0.4% of the company’s stock are short sold.
Several institutional investors have recently modified their holdings of PBA. Linscomb & Williams Inc. acquired a new stake in shares of Pembina Pipeline Corp. in the 2nd quarter valued at about $116,000. San Francisco Sentry Investment Group CA acquired a new stake in shares of Pembina Pipeline Corp. in the 2nd quarter valued at about $132,000. Pinebridge Investments L.P. acquired a new stake in shares of Pembina Pipeline Corp. in the 2nd quarter valued at about $146,000. HPM Partners LLC raised its stake in shares of Pembina Pipeline Corp. by 213.5% in the 2nd quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock valued at $177,000 after purchasing an additional 48,910 shares in the last quarter. Finally, K.J. Harrison & Partners Inc acquired a new stake in shares of Pembina Pipeline Corp. in the 2nd quarter valued at about $202,000. Institutional investors and hedge funds own 50.28% of the company’s stock.
Pembina Pipeline Corp. (PBA) traded down $0.17 during trading hours on Thursday, reaching $36.10. 762,279 shares of the company’s stock were exchanged, compared to its average volume of 362,527. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.75. The stock has a market cap of $18,003.36, a PE ratio of 36.19 and a beta of 0.72. Pembina Pipeline Corp. has a one year low of $27.44 and a one year high of $36.29.
The business also recently announced a nov 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Saturday, November 25th will be paid a $0.18 dividend. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is presently 174.75%.
A number of equities analysts have weighed in on the stock. Zacks Investment Research raised shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research report on Friday, July 21st. AltaCorp Capital raised shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. Finally, BidaskClub cut shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $41.50.
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Pembina Pipeline Corp. Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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