Wealth Enhancement Advisory Services LLC Has $609,000 Holdings in Pembina Pipeline Co. (NYSE:PBA)

Wealth Enhancement Advisory Services LLC increased its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,757 shares of the pipeline company’s stock after purchasing an additional 1,199 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Pembina Pipeline were worth $609,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Quantbot Technologies LP boosted its position in shares of Pembina Pipeline by 10,862.7% during the 1st quarter. Quantbot Technologies LP now owns 32,340 shares of the pipeline company’s stock worth $1,143,000 after acquiring an additional 32,045 shares in the last quarter. Cetera Advisors LLC boosted its holdings in shares of Pembina Pipeline by 248.9% in the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company’s stock valued at $1,129,000 after purchasing an additional 22,790 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in shares of Pembina Pipeline by 13,721.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 72,702 shares of the pipeline company’s stock valued at $2,567,000 after purchasing an additional 72,176 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Pembina Pipeline during the 1st quarter worth $1,387,000. Finally, Vanguard Group Inc. lifted its position in shares of Pembina Pipeline by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 22,053,531 shares of the pipeline company’s stock worth $779,372,000 after buying an additional 460,761 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating on the stock. UBS Group began coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating on the stock. Finally, Citigroup upped their price objective 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $41.22 on Friday. The company has a market capitalization of $23.93 billion, a PE ratio of 17.18 and a beta of 1.25. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average price of $41.60 and a two-hundred day moving average price of $38.80. Pembina Pipeline Co. has a 12 month low of $31.51 and a 12 month high of $43.44.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its earnings results on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.21. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up 30.5% compared to the same quarter last year. Analysts expect that Pembina Pipeline Co. will post 2.38 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.69 dividend. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 6.70%. Pembina Pipeline’s payout ratio is currently 85.00%.

About Pembina Pipeline

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.