Miller Howard Investments Inc. NY Has $20.40 Million Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Miller Howard Investments Inc. NY raised its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 25.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 552,076 shares of the pipeline company's stock after buying an additional 112,298 shares during the period. Miller Howard Investments Inc. NY owned about 0.10% of Pembina Pipeline worth $20,399,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Godsey & Gibb Inc. purchased a new stake in shares of Pembina Pipeline during the third quarter valued at $25,000. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline in the third quarter worth approximately $26,000. Prospera Private Wealth LLC purchased a new stake in shares of Pembina Pipeline in the 3rd quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline during the 3rd quarter worth approximately $28,000. Finally, Versant Capital Management Inc acquired a new stake in Pembina Pipeline during the 4th quarter valued at $27,000. 55.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

PBA has been the topic of several research reports. TD Securities started coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Barclays initiated coverage on shares of Pembina Pipeline in a 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 report on Wednesday, December 18th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $56.50.

Pembina Pipeline Stock Performance

PBA traded down $0.42 during midday trading on Wednesday, reaching $36.47. The company's stock had a trading volume of 634,416 shares, compared to its average volume of 1,451,518. Pembina Pipeline Co. has a twelve month low of $32.81 and a twelve month high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock has a market cap of $21.17 billion, a P/E ratio of 15.07 and a beta of 1.25. The company has a fifty day simple moving average of $37.15 and a 200 day simple moving average of $39.55.

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.