Fiera Capital Corp Sells 80,588 Shares of Pembina Pipeline Co. (NYSE:PBA)

Fiera Capital Corp lessened its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,115,802 shares of the pipeline company's stock after selling 80,588 shares during the quarter. Fiera Capital Corp owned approximately 0.19% of Pembina Pipeline worth $41,182,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PBA. The Manufacturers Life Insurance Company lifted its position in shares of Pembina Pipeline by 71.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock valued at $130,501,000 after acquiring an additional 1,319,709 shares in the last quarter. Intact Investment Management Inc. lifted its position in shares of Pembina Pipeline by 83.2% in the 3rd quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company's stock valued at $81,498,000 after acquiring an additional 897,940 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pembina Pipeline by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock valued at $167,000,000 after acquiring an additional 624,958 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Pembina Pipeline by 15.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company's stock valued at $171,360,000 after acquiring an additional 550,491 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Pembina Pipeline by 1,396.8% in the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company's stock valued at $22,573,000 after acquiring an additional 510,873 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. 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. TD Securities assumed coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Finally, Barclays assumed coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an "overweight" rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has a consensus rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Stock Down 1.9 %

Shares of PBA traded down $0.69 during mid-day trading on Friday, hitting $36.20. 1,891,717 shares of the company's stock were exchanged, compared to its average volume of 1,508,976. The firm has a fifty day moving average of $36.93 and a two-hundred day moving average of $39.51. Pembina Pipeline Co. has a twelve month low of $33.36 and a twelve month high of $43.44. The stock has a market cap of $21.01 billion, a price-to-earnings ratio of 14.96 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

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.