Invesco Ltd. Has $60.03 Million Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Invesco Ltd. grew its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 8.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,624,743 shares of the pipeline company's stock after purchasing an additional 128,176 shares during the period. Invesco Ltd. owned about 0.28% of Pembina Pipeline worth $60,034,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Pembina Pipeline in the fourth quarter valued at about $171,860,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Pembina Pipeline in the 4th quarter worth approximately $73,073,000. Hillsdale Investment Management Inc. grew its position in Pembina Pipeline by 338.7% during the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock worth $47,598,000 after acquiring an additional 995,735 shares during the last quarter. AGF Management Ltd. increased its holdings in Pembina Pipeline by 612.7% during the 4th quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock valued at $40,025,000 after purchasing an additional 929,206 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Pembina Pipeline by 30.4% in the 4th quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock valued at $133,449,000 after purchasing an additional 824,232 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 1.5 %

PBA stock traded up $0.57 during midday trading on Friday, reaching $37.96. The stock had a trading volume of 1,004,607 shares, compared to its average volume of 1,276,521. The firm has a market cap of $22.04 billion, a price-to-earnings ratio of 15.69 and a beta of 0.89. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The business has a fifty day simple moving average of $37.84 and a two-hundred day simple moving average of $38.90.

Pembina Pipeline Cuts Dividend

The firm also recently declared 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. This represents a $1.91 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Monday, March 17th. Pembina Pipeline's dividend payout ratio (DPR) is 86.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.