Barclays PLC Acquires 153,336 Shares of Pembina Pipeline Co. (NYSE:PBA)

Barclays PLC grew its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 284.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 207,306 shares of the pipeline company's stock after purchasing an additional 153,336 shares during the period. Barclays PLC's holdings in Pembina Pipeline were worth $7,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. MML Investors Services LLC bought a new stake in Pembina Pipeline during the 3rd quarter valued at about $228,000. Franklin Resources Inc. raised its stake in shares of Pembina Pipeline by 14.2% during the third quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company's stock valued at $44,518,000 after acquiring an additional 127,027 shares in the last quarter. JPMorgan Chase & Co. boosted 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 during the period. Versant Capital Management Inc bought a new position in Pembina Pipeline in the fourth quarter worth approximately $27,000. Finally, A. D. Beadell Investment Counsel Inc. increased its holdings in Pembina Pipeline by 2.2% during the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 86,045 shares of the pipeline company's stock worth $3,179,000 after purchasing an additional 1,828 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

PBA opened at $38.10 on Thursday. The company has a market cap of $22.12 billion, a P/E ratio of 15.74 and a beta of 0.89. 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 firm's 50-day moving average price is $37.93 and its 200-day moving average price is $38.81. Pembina Pipeline Co. has a 52-week low of $34.13 and a 52-week high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.4783 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.02%. Pembina Pipeline's payout ratio is currently 86.76%.

Analyst Ratings Changes

Several brokerages have recently commented on PBA. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of "Moderate Buy" and an average price target of $56.00.

Pembina Pipeline 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.

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