Amundi lifted its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,623,945 shares of the pipeline company's stock after buying an additional 44,036 shares during the quarter. Amundi owned 0.45% of Pembina Pipeline worth $97,007,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. US Bancorp DE increased its holdings in shares of Pembina Pipeline by 22.0% in the 3rd quarter. US Bancorp DE now owns 11,161 shares of the pipeline company's stock valued at $460,000 after purchasing an additional 2,014 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $961,000. Cumberland Partners Ltd grew its holdings in shares of Pembina Pipeline by 1.6% in the 3rd quarter. Cumberland Partners Ltd now owns 95,847 shares of the pipeline company's stock worth $3,955,000 after acquiring an additional 1,464 shares during the period. Oppenheimer Asset Management Inc. increased its stake in Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company's stock valued at $770,000 after purchasing an additional 334 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Pembina Pipeline during the third quarter worth $284,000. Institutional investors and hedge funds own 55.37% of the company's stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on PBA shares. TD Securities initiated coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Wells Fargo & Company cut shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Barclays began coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They issued an "overweight" rating on the stock. Finally, Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $56.50.
Read Our Latest Research Report on Pembina Pipeline
Pembina Pipeline Trading Up 1.5 %
PBA stock traded up $0.58 during midday trading on Wednesday, hitting $38.87. The stock had a trading volume of 394,269 shares, compared to its average volume of 1,099,737. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The firm has a market cap of $22.57 billion, a PE ratio of 16.07 and a beta of 1.26. The company's 50-day moving average price is $36.90 and its 200 day moving average price is $39.36. Pembina Pipeline Co. has a 12-month low of $33.83 and a 12-month high of $43.44.
Pembina Pipeline Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.92%. Pembina Pipeline's payout ratio is 86.76%.
About Pembina Pipeline
(
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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