Aviva PLC Boosts Stake in Pembina Pipeline Co. (NYSE:PBA)

Aviva PLC increased its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 8.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 347,244 shares of the pipeline company's stock after buying an additional 26,235 shares during the quarter. Aviva PLC owned about 0.06% of Pembina Pipeline worth $12,804,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PBA. Vanguard Group Inc. grew its position in shares of Pembina Pipeline by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock worth $919,503,000 after acquiring an additional 770,729 shares during the last quarter. TD Asset Management Inc. boosted its stake in Pembina Pipeline by 5.4% during the 4th quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company's stock worth $250,732,000 after purchasing an additional 347,872 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Pembina Pipeline by 0.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company's stock worth $230,610,000 after purchasing an additional 32,519 shares during the last quarter. Norges Bank acquired a new position in Pembina Pipeline in the fourth quarter valued at $171,860,000. Finally, JPMorgan Chase & Co. raised 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 buying an additional 624,958 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Price Performance

NYSE:PBA traded up $1.18 during trading hours on Friday, hitting $36.34. The company's stock had a trading volume of 1,067,576 shares, compared to its average volume of 1,275,696. Pembina Pipeline Co. has a 52-week low of $33.83 and a 52-week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The business's 50-day moving average is $37.77 and its two-hundred day moving average is $39.01. The company has a market capitalization of $21.10 billion, a PE ratio of 15.01 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's dividend payout ratio (DPR) is 86.76%.

Analyst Ratings Changes

Several brokerages have weighed in on PBA. Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. TD Securities assumed coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.50.

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.