Fmr LLC Increases Holdings in Pembina Pipeline Co. (NYSE:PBA)

FMR LLC boosted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 1,396.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 547,448 shares of the pipeline company's stock after buying an additional 510,873 shares during the period. FMR LLC owned approximately 0.09% of Pembina Pipeline worth $22,573,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PBA. Toronto Dominion Bank boosted its stake in Pembina Pipeline by 97.2% during the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company's stock valued at $331,439,000 after buying an additional 4,405,792 shares during the period. Canada Pension Plan Investment Board lifted its stake in Pembina Pipeline by 56.9% during the second quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company's stock worth $311,142,000 after purchasing an additional 3,043,200 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Pembina Pipeline by 71.6% during the third quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock worth $130,501,000 after purchasing an additional 1,319,709 shares during the last quarter. Intact Investment Management Inc. lifted its stake in Pembina Pipeline by 83.2% during the third quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company's stock worth $81,498,000 after purchasing an additional 897,940 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Pembina Pipeline by 2,256.3% during the second quarter. Clearbridge Investments LLC now owns 649,778 shares of the pipeline company's stock worth $24,094,000 after purchasing an additional 622,202 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on PBA. Citigroup lifted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Raymond James began coverage on Pembina Pipeline in a research note on Friday, October 11th. They set an "outperform" rating for the company. Finally, UBS Group began coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They set a "neutral" rating for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Trading Down 0.7 %

Shares of PBA traded down $0.29 during trading hours on Tuesday, hitting $38.97. The company had a trading volume of 818,470 shares, compared to its average volume of 1,134,918. The firm has a market cap of $22.62 billion, a P/E ratio of 16.10 and a beta of 1.24. The stock's 50 day moving average price is $41.86 and its 200 day moving average price is $39.63. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 52-week low of $32.39 and a 52-week high of $43.44.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 7.08%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's payout ratio is currently 84.30%.

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.