Raymond James & Associates Has $2.22 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

Raymond James & Associates cut its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 11.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,508 shares of the pipeline company’s stock after selling 8,100 shares during the period. Raymond James & Associates’ holdings in Pembina Pipeline were worth $2,220,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Chickasaw Capital Management LLC acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at approximately $344,000. Gulf International Bank UK Ltd raised its position in shares of Pembina Pipeline by 15.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 3,999 shares of the pipeline company’s stock valued at $137,000 after buying an additional 550 shares in the last quarter. Thrive Wealth Management LLC raised its position in shares of Pembina Pipeline by 2.0% in the fourth quarter. Thrive Wealth Management LLC now owns 29,739 shares of the pipeline company’s stock valued at $1,024,000 after buying an additional 569 shares in the last quarter. Pacifica Partners Inc. raised its position in shares of Pembina Pipeline by 159.0% in the fourth quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock valued at $68,000 after buying an additional 1,240 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its position in shares of Pembina Pipeline by 22.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock valued at $61,000 after buying an additional 329 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Stock Performance

NYSE PBA opened at $34.21 on Wednesday. The firm’s fifty day moving average price is $34.81 and its two-hundred day moving average price is $33.45. The stock has a market cap of $19.82 billion, a PE ratio of 15.48, a PEG ratio of 5.08 and a beta of 1.20. Pembina Pipeline Co. has a fifty-two week low of $28.15 and a fifty-two week high of $36.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. On average, equities analysts expect that Pembina Pipeline Co. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors 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 dividend yield of 5.78%. Pembina Pipeline’s payout ratio is currently 89.14%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PBA. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. StockNews.com upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.33.

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.