Natixis Buys 10,889 Shares of Pembina Pipeline Co. (NYSE:PBA)

Natixis increased its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 14.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,472 shares of the pipeline company's stock after purchasing an additional 10,889 shares during the quarter. Natixis' holdings in Pembina Pipeline were worth $3,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PBA. Versant Capital Management Inc acquired a new position in Pembina Pipeline in the 4th quarter valued at $27,000. Sound Income Strategies LLC acquired a new stake in shares of Pembina Pipeline in the fourth quarter valued at about $27,000. Eastern Bank bought a new position in shares of Pembina Pipeline in the fourth quarter worth about $29,000. Principal Securities Inc. lifted 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 worth $34,000 after purchasing an additional 883 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Pembina Pipeline by 880.0% during the 4th quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock valued at $36,000 after purchasing an additional 880 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Down 0.9 %

Shares of PBA stock opened at $37.65 on Tuesday. Pembina Pipeline Co. has a one year low of $34.13 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The stock has a fifty day moving average price of $37.87 and a 200 day moving average price of $38.82. The stock has a market cap of $21.86 billion, a P/E ratio of 15.56 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.4783 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 5.08%. Pembina Pipeline's payout ratio is currently 86.76%.

Analyst Ratings Changes

PBA has been the subject of a number of research analyst reports. TD Securities assumed coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating for the company. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

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.

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