Dynamic Technology Lab Private Ltd Acquires Shares of 12,414 Pembina Pipeline Co. (NYSE:PBA)

Dynamic Technology Lab Private Ltd acquired a new stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 12,414 shares of the pipeline company's stock, valued at approximately $459,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in Pembina Pipeline by 4.5% during the 4th quarter. Wells Fargo & Company MN now owns 215,118 shares of the pipeline company's stock worth $7,949,000 after purchasing an additional 9,325 shares in the last quarter. Prudential PLC purchased a new position in shares of Pembina Pipeline during the fourth quarter worth approximately $372,000. Headlands Technologies LLC boosted its holdings in Pembina Pipeline by 23.2% during the 4th quarter. Headlands Technologies LLC now owns 1,769 shares of the pipeline company's stock valued at $65,000 after acquiring an additional 333 shares during the period. Geode Capital Management LLC raised its holdings in Pembina Pipeline by 30.4% in the 4th quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock worth $133,449,000 after acquiring an additional 824,232 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Pembina Pipeline by 20.2% in the 4th quarter. Franklin Resources Inc. now owns 1,230,638 shares of the pipeline company's stock worth $45,410,000 after buying an additional 206,573 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 0.9 %

PBA stock traded up $0.33 during midday trading on Monday, reaching $36.67. 149,178 shares of the company traded hands, compared to its average volume of 1,271,311. The firm has a market capitalization of $21.29 billion, a price-to-earnings ratio of 15.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The business has a 50 day moving average of $37.77 and a 200-day moving average of $39.01. Pembina Pipeline Co. has a 52-week low of $33.83 and a 52-week high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 5.22%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's dividend payout ratio is currently 86.76%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. TD Securities began coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline has a consensus rating of "Moderate Buy" and an average 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.