Charles Schwab Investment Management Inc. Acquires 38,624 Shares of Pembina Pipeline Co. (NYSE:PBA)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,545,980 shares of the pipeline company's stock after purchasing an additional 38,624 shares during the period. Charles Schwab Investment Management Inc. owned about 0.27% of Pembina Pipeline worth $57,091,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Kingsview Wealth Management LLC boosted its stake in Pembina Pipeline by 4.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company's stock valued at $286,000 after acquiring an additional 273 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Pembina Pipeline by 11.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock worth $108,000 after purchasing an additional 308 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in Pembina Pipeline by 1.8% in the third 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 during the last quarter. MONECO Advisors LLC grew its holdings in Pembina Pipeline by 9.9% during the fourth quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company's stock valued at $220,000 after purchasing an additional 537 shares during the period. Finally, Larson Financial Group LLC increased its position in Pembina Pipeline by 67.6% in the third quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $55,000 after buying an additional 541 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Securities initiated coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Barclays began coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an "overweight" rating on the stock. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline presently has an average rating of "Moderate Buy" and a consensus target price of $56.50.

Pembina Pipeline Trading Down 0.5 %

Shares of NYSE PBA traded down $0.19 during trading hours on Thursday, hitting $38.54. The company's stock had a trading volume of 849,281 shares, compared to its average volume of 1,103,435. The business has a 50-day simple moving average of $36.94 and a 200-day simple moving average of $39.36. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 15.92 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.96%. Pembina Pipeline's dividend payout ratio is presently 86.76%.

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.