Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 10.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,715,428 shares of the pipeline company's stock after purchasing an additional 251,982 shares during the quarter. Geode Capital Management LLC owned about 0.47% of Pembina Pipeline worth $113,531,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PBA. Kingsview Wealth Management LLC lifted its position in Pembina Pipeline by 4.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company's stock worth $286,000 after buying an additional 273 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock worth $34,000 after acquiring an additional 325 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Pembina Pipeline by 1.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company's stock worth $770,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock valued at $65,000 after purchasing an additional 387 shares during the last quarter. Finally, Gold Investment Management Ltd. raised its position in Pembina Pipeline by 4.2% in the 3rd quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company's stock worth $453,000 after purchasing an additional 439 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Down 0.9 %

Shares of NYSE PBA opened at $37.03 on Wednesday. Pembina Pipeline Co. has a 1-year low of $32.81 and a 1-year high of $43.44. The business has a fifty day moving average price of $41.36 and a 200 day moving average price of $39.70. The stock has a market capitalization of $21.49 billion, a P/E ratio of 15.30 and a beta of 1.24. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.45%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's payout ratio is presently 84.30%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group initiated coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup lifted their target price on Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 28th. Raymond James assumed coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an "outperform" rating on the stock. Finally, Barclays assumed coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an "overweight" rating on the stock. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.