MassMutual Private Wealth & Trust FSB Grows Stake in Pembina Pipeline Co. (NYSE:PBA)

MassMutual Private Wealth & Trust FSB increased its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 11.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,935 shares of the pipeline company’s stock after buying an additional 308 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Pembina Pipeline were worth $108,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PBA. Godsey & Gibb Inc. purchased a new stake in shares of Pembina Pipeline in the 3rd quarter valued at about $25,000. Safe Harbor Fiduciary LLC purchased a new stake in Pembina Pipeline in the third quarter valued at approximately $26,000. Prospera Private Wealth LLC purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $26,000. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline in the 3rd quarter worth $28,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Pembina Pipeline during the 4th quarter valued at $27,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Raymond James initiated coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating for the company. TD Securities began coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, Barclays started coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Down 0.3 %

Shares of NYSE PBA opened at $37.16 on Friday. The firm’s fifty day moving average is $38.58 and its 200 day moving average is $39.66. Pembina Pipeline Co. has a 52 week low of $32.81 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 company has a market cap of $21.57 billion, a price-to-earnings ratio of 15.35 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.43%. The ex-dividend date was Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 80.58%.

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.