Massachusetts Financial Services Co. MA Has $33.78 Million Stake in Pembina Pipeline Co. (NYSE:PBA)

Massachusetts Financial Services Co. MA trimmed its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 1.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 819,202 shares of the pipeline company's stock after selling 15,203 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.14% of Pembina Pipeline worth $33,784,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline during the 3rd quarter valued at $26,000. Blue Trust Inc. boosted its holdings in shares of Pembina Pipeline by 223.8% in the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock valued at $30,000 after buying an additional 508 shares during the period. CENTRAL TRUST Co raised its position in shares of Pembina Pipeline by 65.0% during the 3rd 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 period. Finally, Beacon Capital Management LLC bought a new position in Pembina Pipeline in the 1st quarter worth about $37,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PBA shares. Citigroup upped their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Raymond James began coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They issued an "outperform" rating for the company. Finally, UBS Group started coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $56.50.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA traded down $1.22 during midday trading on Monday, hitting $41.71. The company's stock had a trading volume of 918,449 shares, compared to its average volume of 1,107,319. Pembina Pipeline Co. has a fifty-two week low of $32.39 and a fifty-two week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The stock has a market capitalization of $24.21 billion, a price-to-earnings ratio of 17.74 and a beta of 1.25. The stock's 50 day simple moving average is $41.92 and its 200 day simple moving average is $39.35.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 6.62%. The ex-dividend date is Monday, December 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's dividend payout ratio is 84.30%.

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.