Cumberland Partners Ltd Purchases 9,233 Shares of Pembina Pipeline Co. (NYSE:PBA)

Cumberland Partners Ltd grew its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 105,080 shares of the pipeline company's stock after buying an additional 9,233 shares during the period. Cumberland Partners Ltd's holdings in Pembina Pipeline were worth $3,877,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Kingsview Wealth Management LLC raised its holdings 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 worth $286,000 after buying an additional 273 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock worth $108,000 after buying an additional 308 shares during the last quarter. CENTRAL TRUST Co raised its holdings in Pembina Pipeline by 65.0% in the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock worth $34,000 after buying an additional 325 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings 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 worth $770,000 after buying an additional 334 shares during the last quarter. Finally, Gold Investment Management Ltd. raised its holdings in Pembina Pipeline by 4.2% in the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company's stock worth $453,000 after buying an additional 439 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

NYSE PBA traded down $0.26 during trading hours on Friday, hitting $36.18. 2,023,151 shares of the company's stock traded hands, compared to its average volume of 1,652,263. The business's fifty day moving average price is $36.68 and its two-hundred day moving average price is $39.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $21.01 billion, a P/E ratio of 14.95 and a beta of 1.25. Pembina Pipeline Co. has a 52 week low of $33.83 and a 52 week high of $43.44.

Analyst Ratings Changes

A number of analysts have recently commented on PBA shares. Barclays started coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an "overweight" rating for the company. TD Securities started coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock 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.