Signaturefd LLC Buys 1,635 Shares of Pembina Pipeline Co. (NYSE:PBA)

Signaturefd LLC grew its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 11.0% during the third quarter, HoldingsChannel reports. The firm owned 16,486 shares of the pipeline company’s stock after buying an additional 1,635 shares during the quarter. Signaturefd LLC’s holdings in Pembina Pipeline were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PBA. Requisite Capital Management LLC acquired a new position in Pembina Pipeline during the 1st quarter worth $353,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Pembina Pipeline by 2.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,284,326 shares of the pipeline company’s stock worth $45,360,000 after purchasing an additional 29,743 shares during the period. First Trust Direct Indexing L.P. lifted its position in shares of Pembina Pipeline by 3.3% during the 1st quarter. First Trust Direct Indexing L.P. now owns 18,803 shares of the pipeline company’s stock worth $664,000 after purchasing an additional 609 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Pembina Pipeline by 0.6% during the 1st quarter. Maryland State Retirement & Pension System now owns 724,987 shares of the pipeline company’s stock valued at $24,600,000 after purchasing an additional 4,480 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Pembina Pipeline by 0.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 198,588 shares of the pipeline company’s stock valued at $7,018,000 after buying an additional 1,473 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $42.61 on Friday. Pembina Pipeline Co. has a one year low of $30.25 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.68 and a quick ratio of 0.55. The stock has a fifty day moving average price of $41.06 and a 200 day moving average price of $38.30. The stock has a market cap of $24.73 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 5.97 and a beta of 1.25.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.21. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.44 billion. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The firm’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. Analysts predict that Pembina Pipeline Co. will post 2.4 earnings per share for the current year.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Monday, September 16th. Pembina Pipeline’s payout ratio is 85.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Raymond James started coverage on Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating for the company. UBS Group assumed coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating for the company. Finally, Citigroup raised their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $56.50.

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.