Pembina Pipeline Corp. (PBA) Sees Significant Drop in Short Interest

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) was the target of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 1,817,401 shares, a decrease of 61.6% from the October 13th total of 4,737,007 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 422,500 shares, the short-interest ratio is presently 4.3 days.

Several large investors have recently modified their holdings of PBA. Linscomb & Williams Inc. bought a new position in shares of Pembina Pipeline Corp. in the 2nd quarter worth approximately $116,000. San Francisco Sentry Investment Group CA purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth approximately $132,000. Pinebridge Investments L.P. purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth approximately $146,000. HPM Partners LLC increased its holdings in Pembina Pipeline Corp. by 213.5% in the 2nd quarter. HPM Partners LLC now owns 71,821 shares of the pipeline company’s stock worth $177,000 after acquiring an additional 48,910 shares in the last quarter. Finally, K.J. Harrison & Partners Inc purchased a new stake in Pembina Pipeline Corp. in the 2nd quarter worth approximately $202,000. Hedge funds and other institutional investors own 40.78% of the company’s stock.

Several equities analysts have issued reports on PBA shares. BidaskClub upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.50.

Pembina Pipeline Corp. (NYSE:PBA) opened at $35.77 on Tuesday. Pembina Pipeline Corp. has a one year low of $27.44 and a one year high of $36.29. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. The firm has a market cap of $17,988.28, a P/E ratio of 36.16 and a beta of 0.72.

The firm also recently disclosed a nov 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Saturday, November 25th will be paid a $0.18 dividend. This represents a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, November 22nd. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is presently 174.75%.

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About Pembina Pipeline Corp.

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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