Catalyst Capital Advisors LLC Buys 27,866 Shares of Pembina Pipeline Co. (NYSE:PBA)

Catalyst Capital Advisors LLC grew its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,260 shares of the pipeline company's stock after buying an additional 27,866 shares during the quarter. Catalyst Capital Advisors LLC owned approximately 0.06% of Pembina Pipeline worth $13,940,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PBA. CIBC Asset Management Inc grew its position in Pembina Pipeline by 8.1% during the third quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company's stock valued at $264,315,000 after purchasing an additional 481,285 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Pembina Pipeline by 15.3% in the third quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company's stock valued at $171,360,000 after purchasing an additional 550,491 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after buying an additional 624,958 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Pembina Pipeline by 71.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock worth $130,501,000 after purchasing an additional 1,319,709 shares during the last quarter. Finally, Cardinal Capital Management Inc. increased its holdings in shares of 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 valued at $107,675,000 after acquiring an additional 37,595 shares during the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

PBA stock traded down $0.01 during trading on Thursday, hitting $36.41. The company had a trading volume of 2,327,608 shares, compared to its average volume of 1,502,412. The company has a market cap of $21.14 billion, a P/E ratio of 15.04 and a beta of 1.25. The company has a fifty day moving average price of $36.77 and a two-hundred day moving average price of $39.46. Pembina Pipeline Co. has a fifty-two week low of $33.60 and a fifty-two week 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.

Analyst Ratings Changes

PBA has been the topic of several recent analyst reports. Wells Fargo & Company downgraded shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. TD Securities assumed coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Barclays initiated coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an "overweight" rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pembina Pipeline currently has a consensus rating of "Hold" and a consensus price target of $56.50.

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.