Pembina Pipeline Co. (NYSE:PBA) Stake Decreased by FIL Ltd

FIL Ltd cut its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,386,188 shares of the pipeline company's stock after selling 1,012,421 shares during the period. FIL Ltd owned approximately 3.17% of Pembina Pipeline worth $679,321,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Pembina Pipeline by 1,396.8% during the third quarter. FMR LLC now owns 547,448 shares of the pipeline company's stock valued at $22,573,000 after purchasing an additional 510,873 shares during the period. HighTower Advisors LLC boosted its position in Pembina Pipeline by 11.0% in the 3rd quarter. HighTower Advisors LLC now owns 24,428 shares of the pipeline company's stock valued at $1,007,000 after buying an additional 2,424 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Pembina Pipeline by 293.2% during the third quarter. Janus Henderson Group PLC now owns 179,615 shares of the pipeline company's stock valued at $7,413,000 after acquiring an additional 133,939 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Pembina Pipeline by 36.7% during the third quarter. Quantinno Capital Management LP now owns 21,243 shares of the pipeline company's stock worth $876,000 after acquiring an additional 5,706 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in shares of Pembina Pipeline in the third quarter worth about $391,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA traded up $1.18 during trading on Friday, reaching $36.34. 1,067,576 shares of the company's stock traded hands, compared to its average volume of 1,275,696. The stock has a market capitalization of $21.10 billion, a P/E ratio of 15.01 and a beta of 0.89. Pembina Pipeline Co. has a 12 month low of $33.83 and a 12 month high of $43.44. The company has a 50 day moving average of $37.77 and a 200-day moving average of $39.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a dividend of $0.4783 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 5.26%. Pembina Pipeline's payout ratio is currently 86.76%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PBA shares. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. TD Securities began coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $56.50.

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.