Sigma Planning Corp Has $693,000 Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Sigma Planning Corp cut its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,796 shares of the pipeline company’s stock after selling 1,514 shares during the period. Sigma Planning Corp’s holdings in Pembina Pipeline were worth $693,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Toronto Dominion Bank increased its position in shares of Pembina Pipeline by 97.2% during the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock worth $331,439,000 after buying an additional 4,405,792 shares during the period. Canada Pension Plan Investment Board raised its stake in Pembina Pipeline by 56.9% during the second quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock worth $311,142,000 after buying an additional 3,043,200 shares during the last quarter. Intact Investment Management Inc. raised its stake in Pembina Pipeline by 83.2% during the third quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company’s stock worth $81,498,000 after buying an additional 897,940 shares during the last quarter. ClearBridge Investments Ltd raised its stake in Pembina Pipeline by 12.3% during the first quarter. ClearBridge Investments Ltd now owns 7,173,059 shares of the pipeline company’s stock worth $253,496,000 after buying an additional 784,814 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in Pembina Pipeline by 93.7% during the first quarter. 1832 Asset Management L.P. now owns 1,374,359 shares of the pipeline company’s stock worth $48,570,000 after buying an additional 664,843 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

PBA stock opened at $41.79 on Friday. The stock has a market capitalization of $24.26 billion, a PE ratio of 17.33 and a beta of 1.25. The company’s 50-day moving average is $41.70 and its 200-day moving average is $39.00. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline Co. has a 1 year low of $31.51 and a 1 year high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.69 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.76 annualized dividend and a yield of 6.60%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. UBS Group assumed coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Finally, Raymond James assumed coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Four investment 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, the company currently has an average rating of “Hold” and an average target price of $56.50.

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.