JCIC Asset Management Inc. Increases Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

JCIC Asset Management Inc. raised its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,808 shares of the pipeline company’s stock after buying an additional 668 shares during the quarter. JCIC Asset Management Inc.’s holdings in Pembina Pipeline were worth $178,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. PDT Partners LLC purchased a new position in Pembina Pipeline during the third quarter worth approximately $1,329,000. JPMorgan Chase & Co. raised its holdings in Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after buying an additional 624,958 shares during the period. Sequoia Financial Advisors LLC lifted its position in Pembina Pipeline by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock valued at $527,000 after buying an additional 860 shares in the last quarter. FMR LLC grew its stake in Pembina Pipeline by 1,396.8% during the third quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after buying an additional 510,873 shares during the period. Finally, Recurrent Investment Advisors LLC increased its position in shares of Pembina Pipeline by 2.6% in the third quarter. Recurrent Investment Advisors LLC now owns 1,637,910 shares of the pipeline company’s stock worth $67,994,000 after acquiring an additional 41,282 shares in the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PBA shares. Raymond James assumed coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. Barclays started coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating for the company. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Stock Up 0.2 %

Shares of Pembina Pipeline stock traded up $0.07 during trading on Monday, reaching $36.34. The company had a trading volume of 563,846 shares, compared to its average volume of 1,198,221. 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 Co. has a fifty-two week low of $32.81 and a fifty-two week high of $43.44. The firm’s fifty day moving average is $39.26 and its 200-day moving average is $39.69. The company has a market cap of $21.10 billion, a price-to-earnings ratio of 15.02 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 given 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 was Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 7.59%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 80.58%.

Pembina Pipeline 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.