Several other hedge funds have actually likewise customized their holdings of the business. Renaissance Technologies LLC increased its holdings in shares of Pembina Pipeline by 26.5% throughout the 4th quarter. Renaissance Technologies LLC now owns 162,364 shares of the pipeline business’s stock valued at $5,512,000 after getting an extra 34,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Pembina Pipeline by 1.2% throughout the 4th quarter. The Manufacturers Life Insurance Company now owns 1,660,818 shares of the pipeline business’s stock valued at $56,340,000 after getting an extra 20,190 shares in the last quarter. Seven Eight Capital LP obtained a brand-new position in shares of Pembina Pipeline throughout the 4th quarter valued at about $552,000. Neuberger Berman Group LLC increased its holdings in shares of Pembina Pipeline by 6.8% throughout the 4th quarter. Neuberger Berman Group LLC now owns 954,087 shares of the pipeline business’s stock valued at $32,380,000 after getting an extra 60,403 shares in the last quarter. Finally, Cipher Capital LP obtained a brand-new position in shares of Pembina Pipeline throughout the 4th quarter valued at about $970,000. 55.08% of the stock is owned by hedge funds and other institutional financiers.
Analyst Upgrades and Downgrades
Several research study companies have actually just recently released reports on PBA. CIBC upped their rate goal on shares of Pembina Pipeline from C$52.00 to C$53.00 in a report on Monday, February 27th. StockNews.com started protection on shares of Pembina Pipeline in a report on Thursday, May 18th. They released a “hold” score on the stock. Credit Suisse Group updated shares of Pembina Pipeline from a “neutral” score to an “outperform” score in a report on Thursday, May 25th. Finally, Scotiabank increased their rate target on shares of Pembina Pipeline from C$50.00 to C$51.00 in a report on Monday, February 27th. One financial investment expert has actually ranked the stock with a hold score and 3 have actually provided a buy score to the business. According to MarketBeat, the stock has a typical score of “Moderate Buy” and an agreement target rate of $50.20.
Pembina Pipeline Price Performance
Shares of NYSE:PBA traded up $1.18 throughout midday trading on Friday, reaching $32.06. 453,576 shares of the business’s stock traded hands, compared to its typical volume of 685,279. Pembina Pipeline Co. has a 1 year low of $29.59 and a 1 year high of $42.74. The business has a market cap of $17.65 billion, a P/E ratio of 8.47, a PEG ratio of 4.87 and a beta of 1.28. The business has a debt-to-equity ratio of 0.70, a fast ratio of 0.39 and an existing ratio of 0.46. The business has a fifty day easy moving average of $32.13 and a two-hundred day easy moving average of $33.49.
Pembina Pipeline Increases Dividend
The company likewise just recently revealed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be provided a dividend of $0.493 per share. This is a positive modification from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 14th. This represents a $1.97 dividend on an annualized basis and a dividend yield of 6.15%. Pembina Pipeline’s dividend payment ratio (DPR) is 52.39%.
About Pembina Pipeline
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Pembina Pipeline Corp. takes part in the arrangement of transport and midstream services. It runs through the following sections: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines section consists of traditional, oil sands and transmission pipeline systems, petroleum storage and terminalling business and associated facilities.
Further Reading
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