Versant Capital Management Inc Purchases Shares of 732 Pembina Pipeline Co. (NYSE:PBA)

Versant Capital Management Inc acquired a new position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 732 shares of the pipeline company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. PDT Partners LLC purchased a new position in shares of Pembina Pipeline during the 3rd quarter worth $1,329,000. JPMorgan Chase & Co. lifted its position in Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after purchasing an additional 624,958 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Pembina Pipeline by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock valued at $527,000 after purchasing an additional 860 shares during the period. FMR LLC increased its position in Pembina Pipeline by 1,396.8% in the third quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after buying an additional 510,873 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Pembina Pipeline by 15.5% in the third quarter. Fiera Capital Corp now owns 1,196,390 shares of the pipeline company’s stock worth $49,381,000 after buying an additional 160,946 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on PBA. Barclays started coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. UBS Group initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating on the stock. Raymond James started coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. Finally, Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Up 0.1 %

Shares of PBA stock opened at $36.61 on Wednesday. The company’s fifty day simple moving average is $39.57 and its two-hundred day simple moving average is $39.69. Pembina Pipeline Co. has a 52 week low of $32.81 and a 52 week high of $43.44. The stock has a market cap of $21.25 billion, a P/E ratio of 15.13 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is currently 84.30%.

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.