Silver Lake Advisory LLC Sells 855 Shares of Pembina Pipeline Co. (NYSE:PBA)

Silver Lake Advisory LLC reduced its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 87,290 shares of the pipeline company’s stock after selling 855 shares during the quarter. Silver Lake Advisory LLC’s holdings in Pembina Pipeline were worth $3,005,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PBA. Baystate Wealth Management LLC acquired a new stake in Pembina Pipeline in the fourth quarter valued at $34,000. Rational Advisors LLC bought a new position in shares of Pembina Pipeline during the third quarter worth about $59,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Pembina Pipeline by 22.6% in the fourth quarter. Massmutual Trust Co. FSB ADV now owns 1,786 shares of the pipeline company’s stock worth $61,000 after acquiring an additional 329 shares during the period. Pacifica Partners Inc. boosted its holdings in Pembina Pipeline by 159.0% in the fourth quarter. Pacifica Partners Inc. now owns 2,020 shares of the pipeline company’s stock valued at $68,000 after acquiring an additional 1,240 shares during the last quarter. Finally, CWM LLC increased its position in Pembina Pipeline by 23.2% during the 3rd quarter. CWM LLC now owns 2,938 shares of the pipeline company’s stock valued at $88,000 after purchasing an additional 554 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 1.9 %

Shares of PBA traded up $0.65 during trading hours on Thursday, hitting $35.35. The stock had a trading volume of 506,095 shares, compared to its average volume of 1,036,153. The firm has a 50 day simple moving average of $35.12 and a 200-day simple moving average of $33.86. Pembina Pipeline Co. has a 1-year low of $28.15 and a 1-year high of $36.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The firm has a market capitalization of $20.48 billion, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 5.23 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a net margin of 19.43% and a return on equity of 13.11%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Sell-side analysts predict that Pembina Pipeline Co. will post 2.24 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.4944 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 annualized dividend and a dividend yield of 5.59%. Pembina Pipeline’s payout ratio is presently 89.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. TheStreet upgraded shares of Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Finally, CIBC upped their target price on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average target price of $52.00.

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.