Pembina Pipeline Co. (NYSE:PBA) is Lincluden Management Ltd.'s 10th Largest Position

Lincluden Management Ltd. cut its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 771,535 shares of the pipeline company's stock after selling 22,011 shares during the period. Pembina Pipeline makes up about 3.4% of Lincluden Management Ltd.'s holdings, making the stock its 10th largest holding. Lincluden Management Ltd. owned approximately 0.13% of Pembina Pipeline worth $28,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PBA. Kingsview Wealth Management LLC grew its holdings in Pembina Pipeline by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company's stock valued at $286,000 after buying an additional 273 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock valued at $108,000 after purchasing an additional 308 shares during the period. CENTRAL TRUST Co increased its position in Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock worth $34,000 after purchasing an additional 325 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Pembina Pipeline by 1.8% during the third 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. Finally, Gold Investment Management Ltd. raised its stake in Pembina Pipeline by 4.2% during the third 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. Institutional investors and hedge funds own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PBA. TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating for the company. Barclays began coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an "overweight" rating for the company. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $56.50.

Pembina Pipeline Trading Up 6.9 %

NYSE PBA traded up $2.51 on Friday, reaching $38.86. The stock had a trading volume of 3,099,044 shares, compared to its average volume of 1,550,019. 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 stock has a fifty day moving average price of $36.65 and a two-hundred day moving average price of $39.37. Pembina Pipeline Co. has a 12-month low of $33.83 and a 12-month high of $43.44. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 16.06 and a beta of 1.25.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.92%. Pembina Pipeline's dividend payout ratio is presently 80.58%.

Pembina Pipeline Company 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.