American Century Companies Inc. grew its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,953 shares of the pipeline company's stock after buying an additional 15,119 shares during the quarter. American Century Companies Inc.'s holdings in Pembina Pipeline were worth $5,208,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Pembina Pipeline by 0.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company's stock valued at $230,610,000 after acquiring an additional 32,519 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock valued at $167,000,000 after purchasing an additional 624,958 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in Pembina Pipeline by 1.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 2,920,900 shares of the pipeline company's stock worth $107,675,000 after buying an additional 37,595 shares during the period. Geode Capital Management LLC lifted its holdings in Pembina Pipeline by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,715,428 shares of the pipeline company's stock worth $113,531,000 after buying an additional 251,982 shares in the last quarter. Finally, Amundi boosted its position in Pembina Pipeline by 1.7% in the 4th quarter. Amundi now owns 2,623,945 shares of the pipeline company's stock valued at $97,007,000 after buying an additional 44,036 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on PBA. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Barclays assumed coverage on Pembina Pipeline in a research report 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 on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.50.
Check Out Our Latest Report on Pembina Pipeline
Pembina Pipeline Stock Down 8.0 %
PBA traded down $3.23 on Friday, reaching $37.17. The company's stock had a trading volume of 2,017,633 shares, compared to its average volume of 1,260,385. The company has a market capitalization of $21.58 billion, a price-to-earnings ratio of 15.36 and a beta of 0.89. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average of $37.84 and a two-hundred day moving average of $39.25.
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 issued a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 5.15%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's payout ratio is 86.76%.
Pembina Pipeline Profile
(
Free Report)
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.
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