2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC trimmed its holdings in shares of Pembina Pipeline Co. ( NYSE:PBA – Free Report ) (TSE:PPL) by 29.5% in the second quarter, according to its most recent Form 13F filing with the SEC.
The institutional investor owned 145,300 shares of the pipeline company’s stock after selling 60,900 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Pembina Pipeline were worth $5,388,000 as of its most recent SEC filing. Other large investors have also recently added to or reduced their stakes in the company.
ICA Group Wealth Management LLC bought a new stake in Pembina Pipeline during the fourth quarter worth approximately $25,000. Beacon Capital Management LLC acquired a new position in Pembina Pipeline in the 1st quarter worth approximately $37,000. EverSource Wealth Advisors LLC boosted its stake 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 worth $65,000 after purchasing an additional 387 shares during the period. Creekmur Asset Management LLC acquired a new position in Pembina Pipeline in the 4th quarter worth approximately $62,000.
Finally, Massmutual Trust Co. FSB ADV boosted its stake in Pembina Pipeline by 47.2% in the 2nd quarter.
Massmutual Trust Co. FSB ADV now owns 2,511 shares of the pipeline company’s stock worth $93,000 after purchasing an additional 805 shares during the period. 55.
37% of the stock is currently owned by institutional investors. Pembina Pipeline Stock Performance NYSE:PBA opened at $41.16 on Friday.
Pembina Pipeline Co. has a 1 year low of $28.15 and a 1 year high of $41.
58. The firm’s fifty day simple moving average is $39.45 and its 200 day simple moving average is $37.
33. The company has a current ratio of 0.68, a quick ratio of 0.
55 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $23.
87 billion, a PE ratio of 17.90, a PEG ratio of 5.67 and a beta of 1.
25. Pembina Pipeline Cuts Dividend The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were given a $0.
50 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $2.
00 annualized dividend and a yield of 4.86%. Pembina Pipeline’s dividend payout ratio is 88.
70%. Analyst Upgrades and Downgrades PBA has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th.
They issued a “neutral” rating for the company. Citigroup increased their target price on shares of Pembina Pipeline from $53.00 to $56.
00 and gave the stock a “neutral” rating in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Hold” and an average target price of $56.
50. Get Our Latest Research Report on Pembina Pipeline Pembina Pipeline Profile ( Free Report ) 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. Featured Stories 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 Co. ( NYSE:PBA – Free Report ) (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 ..
