Pembina Pipeline Co. (NYSE:PBA) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc reduced its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 8.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,885,576 shares of the pipeline company's stock after selling 520,415 shares during the quarter. CIBC Asset Management Inc owned approximately 1.01% of Pembina Pipeline worth $217,122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. PDT Partners LLC acquired a new position in shares of Pembina Pipeline during the 3rd quarter worth about $1,329,000. Van ECK Associates Corp boosted its position in shares of Pembina Pipeline by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock worth $8,335,000 after acquiring an additional 16,762 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after acquiring an additional 624,958 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Pembina Pipeline by 7.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company's stock valued at $527,000 after purchasing an additional 860 shares during the period. Finally, Jennison Associates LLC boosted its position in shares of Pembina Pipeline by 32.3% in the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after purchasing an additional 150,689 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Performance

PBA traded down $0.01 on Thursday, hitting $36.41. 2,327,608 shares of the company traded hands, compared to its average volume of 1,502,412. The company has a 50 day moving average of $36.77 and a 200-day moving average of $39.46. 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 stock has a market capitalization of $21.14 billion, a PE ratio of 15.04 and a beta of 1.25. Pembina Pipeline Co. has a 12-month low of $33.60 and a 12-month high of $43.44.

Wall Street Analysts Forecast Growth

PBA has been the subject of a number of research analyst reports. Barclays initiated coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an "overweight" rating for the company. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, TD Securities initiated coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline has a consensus rating of "Hold" and a consensus price target of $56.50.

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.