APG Asset Management N.V. Trims Stake in Pembina Pipeline Co. (NYSE:PBA)

APG Asset Management N.V. reduced its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,900 shares of the pipeline company's stock after selling 15,122 shares during the quarter. APG Asset Management N.V.'s holdings in Pembina Pipeline were worth $2,849,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Versant Capital Management Inc purchased a new position in shares of Pembina Pipeline during the 4th quarter valued at about $27,000. Sound Income Strategies LLC purchased a new position in Pembina Pipeline during the fourth quarter valued at approximately $27,000. Eastern Bank bought a new position in shares of Pembina Pipeline in the fourth quarter worth approximately $29,000. Principal Securities Inc. increased its stake in shares of Pembina Pipeline by 2,597.1% in the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after purchasing an additional 883 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Pembina Pipeline by 880.0% during the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock valued at $36,000 after purchasing an additional 880 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PBA shares. Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. TD Securities began coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.50.

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Pembina Pipeline Price Performance

PBA traded up $0.06 during trading hours on Tuesday, hitting $37.00. The company's stock had a trading volume of 914,514 shares, compared to its average volume of 1,275,223. Pembina Pipeline Co. has a 12 month low of $33.83 and a 12 month high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The business's 50-day moving average price is $37.77 and its 200-day moving average price is $38.98. The stock has a market cap of $21.48 billion, a price-to-earnings ratio of 15.29 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.4783 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 5.17%. Pembina Pipeline's dividend payout ratio is currently 86.76%.

Pembina Pipeline Company Profile

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.