Generali Asset Management SPA SGR Acquires New Shares in Pembina Pipeline Co. (NYSE:PBA)

Generali Asset Management SPA SGR bought a new position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 139,251 shares of the pipeline company's stock, valued at approximately $5,145,000.

Several other institutional investors have also bought and sold shares of the stock. Prospera Private Wealth LLC bought a new position in shares of Pembina Pipeline during the third quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new position in Pembina Pipeline during the 3rd quarter valued at about $26,000. Versant Capital Management Inc acquired a new position in Pembina Pipeline in the fourth quarter valued at about $27,000. Sound Income Strategies LLC acquired a new position in Pembina Pipeline in the fourth quarter valued at about $27,000. Finally, Dunhill Financial LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth approximately $28,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Trading Down 0.7 %

Shares of PBA stock traded down $0.29 on Friday, reaching $39.69. 2,021,163 shares of the stock were exchanged, compared to its average volume of 1,109,355. The stock has a 50 day moving average price of $37.28 and a 200 day moving average price of $39.31. The stock has a market cap of $23.04 billion, a PE ratio of 16.40 and a beta of 1.26. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

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Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.4783 per share. The ex-dividend date is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 4.82%. Pembina Pipeline's payout ratio is presently 86.76%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays assumed coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an "overweight" rating on the stock. TD Securities assumed coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Finally, Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $56.50.

Pembina Pipeline 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.