Hartland & Co. LLC Buys New Stake in Pembina Pipeline Corp (PBA)

Hartland & Co. LLC bought a new position in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,750 shares of the pipeline company’s stock, valued at approximately $448,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Linscomb & Williams Inc. acquired a new stake in shares of Pembina Pipeline in the second quarter valued at $116,000. San Francisco Sentry Investment Group CA acquired a new stake in Pembina Pipeline in the second quarter worth about $132,000. Pinebridge Investments L.P. acquired a new stake in Pembina Pipeline in the second quarter worth about $146,000. HPM Partners LLC increased its position in Pembina Pipeline by 213.5% in the second quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock worth $177,000 after purchasing an additional 48,910 shares during the period. Finally, Prudential PLC acquired a new stake in Pembina Pipeline in the second quarter worth about $202,000. 42.45% of the stock is owned by institutional investors.

Pembina Pipeline Corp (NYSE:PBA) traded up $0.24 during mid-day trading on Wednesday, hitting $35.07. The company had a trading volume of 361,900 shares, compared to its average volume of 373,061. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market cap of $17,500.89, a price-to-earnings ratio of 35.18 and a beta of 0.74. Pembina Pipeline Corp has a 1-year low of $29.36 and a 1-year high of $36.29.

The company also recently disclosed a nov 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Saturday, November 25th will be issued a $0.18 dividend. This represents a yield of 4.73%. The ex-dividend date is Wednesday, November 22nd. Pembina Pipeline’s dividend payout ratio is 171.72%.

A number of equities analysts have issued reports on the company. Macquarie cut Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Zacks Investment Research cut Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Wednesday, November 29th. Finally, BidaskClub cut Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $41.50.

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About Pembina Pipeline

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.

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

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