Massachusetts Financial Services Co. MA Sells 14,191 Shares of Pembina Pipeline Co. (NYSE:PBA)

Massachusetts Financial Services Co. MA lessened its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 805,011 shares of the pipeline company's stock after selling 14,191 shares during the period. Massachusetts Financial Services Co. MA owned 0.14% of Pembina Pipeline worth $29,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PBA. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline during the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc purchased a new position in Pembina Pipeline during the fourth quarter valued at approximately $27,000. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline in the fourth quarter worth approximately $27,000. Eastern Bank purchased a new stake in shares of Pembina Pipeline in the fourth quarter worth $29,000. Finally, Principal Securities Inc. raised its position in shares of Pembina Pipeline by 2,597.1% during the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock valued at $34,000 after purchasing an additional 883 shares during the period. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Price Performance

Shares of NYSE:PBA traded up $1.18 during mid-day trading on Friday, reaching $36.34. The stock had a trading volume of 1,067,576 shares, compared to its average volume of 1,275,155. The business's 50 day moving average price is $37.77 and its 200 day moving average price is $39.02. Pembina Pipeline Co. has a 1 year low of $33.83 and a 1 year high of $43.44. The company has a market cap of $21.10 billion, a P/E ratio of 15.01 and a beta of 0.89. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.4783 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.26%. Pembina Pipeline's dividend payout ratio (DPR) is 86.76%.

Wall Street Analysts Forecast Growth

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