Quantbot Technologies LP Takes Position in Pembina Pipeline Co. (NYSE:PBA)

Quantbot Technologies LP bought a new stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,837 shares of the pipeline company’s stock, valued at approximately $1,107,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in shares of Pembina Pipeline in the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in Pembina Pipeline in the 3rd quarter valued at about $26,000. Blue Trust Inc. lifted its position in Pembina Pipeline by 223.8% during the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after buying an additional 508 shares in the last quarter. CENTRAL TRUST Co grew its holdings in Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after buying an additional 325 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Pembina Pipeline by 67.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock worth $55,000 after acquiring an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PBA. UBS Group began coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating on the stock. Raymond James initiated coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, Citigroup raised their price objective on 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 and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Up 0.4 %

Shares of NYSE PBA opened at $41.37 on Friday. The business’s 50 day moving average is $42.00 and its two-hundred day moving average is $39.49. Pembina Pipeline Co. has a 52-week low of $32.39 and a 52-week high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 17.10 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 6.67%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.30%.

About Pembina Pipeline

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.