MHI Funds LLC bought a new stake in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 6,925 shares of the pipeline company’s stock, valued at approximately $251,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PBA. Pinebridge Investments L.P. bought a new stake in shares of Pembina Pipeline in the 2nd quarter worth approximately $146,000. Linscomb & Williams Inc. bought a new stake in shares of Pembina Pipeline in the 2nd quarter worth approximately $116,000. San Francisco Sentry Investment Group CA bought a new stake in shares of Pembina Pipeline in the 2nd quarter worth approximately $132,000. Benchmark Capital Advisors bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth approximately $204,000. Finally, Cidel Asset Management Inc. bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth approximately $206,000. 42.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pembina Pipeline Corp (NYSE:PBA) opened at $35.11 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. Pembina Pipeline Corp has a 52-week low of $30.32 and a 52-week high of $36.99. The company has a market capitalization of $17,650.32, a P/E ratio of 35.46 and a beta of 0.73.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.08). Pembina Pipeline had a return on equity of 8.36% and a net margin of 11.66%. sell-side analysts expect that Pembina Pipeline Corp will post 1.19 earnings per share for the current fiscal year.

The business also recently announced a jan 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a dividend yield of 4.93%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 174.75%.

A number of analysts have commented on PBA shares. Zacks Investment Research downgraded Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Pembina Pipeline currently has an average rating of “Hold” and an average target price of $39.00.

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Pembina Pipeline Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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