6,925 Shares in Pembina Pipeline Corp (PBA) Purchased by MHI Funds LLC
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.
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.
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.
Want to see what other hedge funds are holding PBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL).
Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.