Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. reduced its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 13.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,444 shares of the pipeline company’s stock after selling 373 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Pembina Pipeline were worth $90,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PBA. Kingsview Wealth Management LLC boosted its position in Pembina Pipeline by 4.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock valued at $286,000 after buying an additional 273 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Pembina Pipeline by 11.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock valued at $108,000 after acquiring an additional 308 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Pembina Pipeline by 65.0% in the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 325 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in shares of Pembina Pipeline by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 334 shares during the last quarter. Finally, Gold Investment Management Ltd. lifted its position in Pembina Pipeline by 4.2% during the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 439 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pembina Pipeline Trading Down 2.1 %

Shares of PBA stock opened at $36.09 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a twelve month low of $32.81 and a twelve month high of $43.44. The company’s 50-day moving average price is $37.93 and its 200-day moving average price is $39.62. The stock has a market cap of $20.95 billion, a price-to-earnings ratio of 14.91 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.65%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) 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.