Pembina Pipeline Co. (NYSE:PBA) Stock Holdings Lessened by Bard Associates Inc.

Bard Associates Inc. reduced its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,058 shares of the pipeline company’s stock after selling 1,200 shares during the quarter. Bard Associates Inc.’s holdings in Pembina Pipeline were worth $1,240,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBA. Godsey & Gibb Inc. bought a new stake in Pembina Pipeline in the 3rd quarter valued at $25,000. Blue Trust Inc. lifted its stake in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock valued at $30,000 after buying an additional 508 shares during the period. CENTRAL TRUST Co grew its position in Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after buying an additional 325 shares in the last quarter. Beacon Capital Management LLC bought a new position in Pembina Pipeline during the first quarter valued at about $37,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock valued at $65,000 after acquiring an additional 387 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Pembina Pipeline Trading Up 0.7 %

Shares of PBA stock opened at $41.79 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average price of $41.70 and a two-hundred day moving average price of $39.00. The company has a market capitalization of $24.26 billion, a PE ratio of 17.27 and a beta of 1.25. Pembina Pipeline Co. has a 12-month low of $31.51 and a 12-month high of $43.44.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 6.60%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio 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.