Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Kraematon Investment Advisors Inc.

Kraematon Investment Advisors Inc. trimmed its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 61,297 shares of the pipeline company’s stock after selling 437 shares during the quarter. Pembina Pipeline makes up 2.2% of Kraematon Investment Advisors Inc.’s portfolio, making the stock its 13th biggest holding. Kraematon Investment Advisors Inc.’s holdings in Pembina Pipeline were worth $2,265,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Godsey & Gibb Inc. purchased a new stake in Pembina Pipeline in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth $26,000. Versant Capital Management Inc purchased a new stake in shares of Pembina Pipeline in the fourth quarter valued at $27,000. Finally, Dunhill Financial LLC acquired a new position in Pembina Pipeline in the third quarter valued at $28,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Up 0.2 %

NYSE PBA opened at $37.04 on Friday. 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 one year low of $32.81 and a one year high of $43.44. The company’s 50 day moving average price is $38.97 and its 200 day moving average price is $39.66. The firm has a market capitalization of $21.50 billion, a price-to-earnings ratio of 15.30 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Monday, December 16th. 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%.

Analyst Upgrades and Downgrades

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

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.