2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP trimmed its stake in shares of Pembina Pipeline Co. ( NYSE:PBA – Free Report ) (TSE:PPL) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 1,709,025 shares of the pipeline company’s stock after selling 15,448 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.29% of Pembina Pipeline worth $63,372,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in Pembina Pipeline by 2.
7% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,341 shares of the pipeline company’s stock worth $680,000 after purchasing an additional 478 shares in the last quarter.
DekaBank Deutsche Girozentrale lifted its holdings in Pembina Pipeline by 0.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,188,994 shares of the pipeline company’s stock worth $81,365,000 after buying an additional 6,105 shares during the last quarter.
Beverly Hills Private Wealth LLC grew its position in shares of Pembina Pipeline by 9.9% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 7,039 shares of the pipeline company’s stock worth $261,000 after acquiring an additional 635 shares in the last quarter.
American Century Companies Inc. increased its holdings in shares of Pembina Pipeline by 9.2% in the 2nd quarter.
American Century Companies Inc. now owns 116,037 shares of the pipeline company’s stock valued at $4,305,000 after acquiring an additional 9,782 shares during the last quarter. Finally, Marco Investment Management LLC acquired a new stake in shares of Pembina Pipeline during the 2nd quarter valued at approximately $207,000.
55.37% of the stock is owned by institutional investors and hedge funds. Pembina Pipeline Stock Performance PBA stock 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 stock has a market capitalization of $23.
87 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 5.67 and a beta of 1.
25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.
55 and a current ratio of 0.68. The stock’s fifty day moving average is $39.
45 and its two-hundred day moving average is $37.33. Pembina Pipeline Cuts Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th.
Investors of record on Monday, September 16th were issued a $0.50 dividend. This represents a $2.
00 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Monday, September 16th.
Pembina Pipeline’s dividend payout ratio (DPR) is 88.70%. Wall Street Analysts Forecast Growth A number of equities analysts have commented on the stock.
Citigroup lifted their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th.
UBS Group assumed coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They issued a “neutral” rating for the company. Four analysts have rated the stock with a hold rating, According to MarketBeat.
com, the company has an average rating of “Hold” and an average target price of $56.50. View Our Latest Stock Analysis 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.
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