Edgemoor Investment Advisors Inc. decreased its holdings in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 144,773 shares of the pipeline company’s stock after selling 3,074 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Pembina Pipeline were worth $5,097,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Pembina Pipeline by 7.5% during the second quarter. HighTower Advisors LLC now owns 8,313 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 583 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Pembina Pipeline by 5.4% during the second quarter. Stifel Financial Corp now owns 17,661 shares of the pipeline company’s stock worth $584,000 after acquiring an additional 909 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Pembina Pipeline by 8.4% during the second quarter. Ameriprise Financial Inc. now owns 18,257 shares of the pipeline company’s stock worth $605,000 after acquiring an additional 1,418 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Pembina Pipeline by 6.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,679 shares of the pipeline company’s stock worth $1,253,000 after acquiring an additional 2,136 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Pembina Pipeline by 0.6% during the fourth quarter. APG Asset Management N.V. now owns 523,835 shares of the pipeline company’s stock worth $15,846,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 42.63% of the company’s stock.

Shares of Pembina Pipeline Corp (NYSE PBA) opened at $30.94 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.75. Pembina Pipeline Corp has a twelve month low of $30.17 and a twelve month high of $36.99. The company has a market capitalization of $15,713.76, a PE ratio of 31.25 and a beta of 0.66.

The company also recently announced a feb 18 dividend, which will be paid on Thursday, March 15th. Investors of record on Sunday, February 25th will be issued a dividend of $0.18 per share. This represents a dividend yield of 0.00560224089635854%. The ex-dividend date is Thursday, February 22nd. Pembina Pipeline’s dividend payout ratio (DPR) is 175.76%.

A number of equities research analysts have recently weighed in on PBA shares. Zacks Investment Research upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.00.

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Pembina Pipeline Company 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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