Pembina Pipeline Co. (NYSE:PBA) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 2.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,141,770 shares of the pipeline company’s stock after acquiring an additional 29,427 shares during the period. Hsbc Holdings PLC’s holdings in Pembina Pipeline were worth $42,147,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new stake in Pembina Pipeline during the 4th quarter worth approximately $27,000. Versant Capital Management Inc acquired a new stake in shares of Pembina Pipeline during the fourth quarter worth $27,000. Eastern Bank purchased a new stake in shares of Pembina Pipeline during the fourth quarter valued at $29,000. Principal Securities Inc. increased its position in shares of Pembina Pipeline by 2,597.1% in the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 883 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in Pembina Pipeline by 880.0% in the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company’s stock worth $36,000 after acquiring an additional 880 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

NYSE:PBA opened at $38.51 on Friday. The firm’s fifty day moving average is $38.02 and its two-hundred day moving average is $38.76. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of 15.91 and a beta of 0.89. 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 $34.13 and a one year high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.4783 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.97%. Pembina Pipeline’s payout ratio is 86.76%.

Analysts Set New Price Targets

Several research firms have weighed in on PBA. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.