Vanguard Personalized Indexing Management LLC Sells 3,628 Shares of Pembina Pipeline Co. (NYSE:PBA)

Posted by Defense World Staff on Jun 1st, 2023

Vanguard Personalized Indexing Management LLC lowered its holdings in Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) by 36.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,351 shares of the pipeline company’s stock after selling 3,628 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Pembina Pipeline were worth $216,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Phocas Financial Corp. bought a new stake in Pembina Pipeline in the 4th quarter valued at about $32,000. Glassy Mountain Advisors Inc. bought a new stake in Pembina Pipeline in the 4th quarter valued at about $70,000. Romano Brothers AND Company bought a new stake in Pembina Pipeline in the 4th quarter valued at about $76,000. MADDEN SECURITIES Corp bought a new stake in Pembina Pipeline in the 4th quarter valued at about $81,000. Finally, CWM LLC boosted its holdings in Pembina Pipeline by 15.3% in the 4th quarter. CWM LLC now owns 2,421 shares of the pipeline company’s stock valued at $82,000 after purchasing an additional 321 shares during the period. Institutional investors own 55.08% of the company’s stock.

Analyst Ratings Changes

PBA has been the subject of several analyst reports. CIBC boosted their target price on shares of Pembina Pipeline from C$52.00 to C$53.00 in a research report on Monday, February 27th. Credit Suisse Group upgraded shares of Pembina Pipeline from a “neutral” rating to an “outperform” rating in a research report on Thursday, May 25th. Scotiabank boosted their target price on shares of Pembina Pipeline from C$50.00 to C$51.00 in a research report on Monday, February 27th. Finally, StockNews.com initiated coverage on shares of Pembina Pipeline in a research report on Thursday, May 18th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $50.20.

Pembina Pipeline Price Performance

PBA stock opened at $30.27 on Thursday. The company has a 50 day simple moving average of $32.12 and a 200 day simple moving average of $33.51. The stock has a market cap of $16.66 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 4.93 and a beta of 1.28. Pembina Pipeline Co. has a 1 year low of $29.59 and a 1 year high of $42.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.46 and a quick ratio of 0.39.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be given a dividend of $0.493 per share. This represents a $1.97 dividend on an annualized basis and a yield of 6.51%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.49. The ex-dividend date is Wednesday, June 14th. Pembina Pipeline’s dividend payout ratio is currently 50.80%.

Pembina Pipeline Profile

(Get Rating)

Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure.