Achmea Investment Management B.V. Buys 89,392 Shares of Pembina Pipeline Co. (NYSE:PBA)

Achmea Investment Management B.V. grew its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 26.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 422,838 shares of the pipeline company's stock after acquiring an additional 89,392 shares during the quarter. Achmea Investment Management B.V. owned 0.07% of Pembina Pipeline worth $15,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Prospera Private Wealth LLC purchased a new stake in Pembina Pipeline during the third quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth about $26,000. Versant Capital Management Inc purchased a new stake in shares of Pembina Pipeline during the 4th quarter valued at about $27,000. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline in the 4th quarter valued at about $27,000. Finally, Dunhill Financial LLC purchased a new position in Pembina Pipeline in the third quarter worth about $28,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on PBA. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday. Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a 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 for the company. Finally, TD Securities initiated coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Pembina Pipeline has a consensus rating of "Moderate Buy" and an average target price of $56.50.

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Pembina Pipeline Trading Up 1.3 %

Pembina Pipeline stock traded up $0.51 during mid-day trading on Friday, hitting $39.00. The company's stock had a trading volume of 726,342 shares, compared to its average volume of 1,101,889. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. The stock has a market cap of $22.64 billion, a PE ratio of 16.12 and a beta of 1.26. The company has a 50 day moving average of $36.96 and a 200-day moving average of $39.35. 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 Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 4.90%. Pembina Pipeline's dividend payout ratio is currently 86.76%.

About Pembina Pipeline

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.