Pembina Pipeline Co. (NYSE:PBA) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC lifted its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 32.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 616,992 shares of the pipeline company's stock after buying an additional 150,689 shares during the quarter. Jennison Associates LLC owned approximately 0.11% of Pembina Pipeline worth $22,786,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Greenleaf Trust increased its position in shares of Pembina Pipeline by 9.9% in the 4th quarter. Greenleaf Trust now owns 9,472 shares of the pipeline company's stock valued at $350,000 after purchasing an additional 850 shares during the last quarter. Caprock Group LLC acquired a new position in shares of Pembina Pipeline during the fourth quarter worth $235,000. Blue Trust Inc. increased its holdings in Pembina Pipeline by 97.3% in the fourth quarter. Blue Trust Inc. now owns 1,450 shares of the pipeline company's stock valued at $54,000 after buying an additional 715 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in Pembina Pipeline by 19.1% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,675,327 shares of the pipeline company's stock valued at $61,903,000 after buying an additional 269,062 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in Pembina Pipeline during the 4th quarter worth about $27,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. TD Securities began coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an "overweight" 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $56.50.

Pembina Pipeline Stock Performance

NYSE PBA traded up $0.15 on Friday, reaching $36.70. The stock had a trading volume of 1,147,940 shares, compared to its average volume of 1,508,976. The stock has a market cap of $21.31 billion, a P/E ratio of 15.17 and a beta of 1.25. Pembina Pipeline Co. has a 12-month low of $32.81 and a 12-month high of $43.44. The business's 50-day moving average price is $37.28 and its 200 day moving average price is $39.57. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

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.