Flagship Wealth Advisors LLC Buys New Position in Pembina Pipeline Co. (NYSE:PBA)

Flagship Wealth Advisors LLC bought a new stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,661 shares of the pipeline company’s stock, valued at approximately $61,000.

Other large investors also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new stake in Pembina Pipeline during the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in Pembina Pipeline during the third quarter valued at approximately $26,000. Versant Capital Management Inc bought a new stake in Pembina Pipeline during the fourth quarter valued at approximately $27,000. Sound Income Strategies LLC bought a new stake in Pembina Pipeline during the fourth quarter valued at approximately $27,000. Finally, Dunhill Financial LLC bought a new stake in Pembina Pipeline during the third quarter valued at approximately $28,000. 55.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PBA. Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating for the company. Finally, TD Securities began coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Stock Performance

PBA opened at $39.02 on Tuesday. The stock has a market capitalization of $22.65 billion, a price-to-earnings ratio of 16.12 and a beta of 1.26. The company has a fifty day moving average of $37.05 and a 200 day moving average of $39.32. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.4783 per share. The ex-dividend date is Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.90%. Pembina Pipeline’s payout ratio is 86.76%.

Pembina Pipeline Company Profile

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.