Northwest & Ethical Investments L.P. Has $4.05 Million Stake in Pembina Pipeline Co. (NYSE:PBA)

Northwest & Ethical Investments L.P. lowered its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 8.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 109,874 shares of the pipeline company's stock after selling 9,873 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Pembina Pipeline were worth $4,052,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in Pembina Pipeline during the 4th quarter worth approximately $37,000. Maryland State Retirement & Pension System increased its stake in shares of Pembina Pipeline by 1.3% in the fourth quarter. Maryland State Retirement & Pension System now owns 730,863 shares of the pipeline company's stock valued at $26,991,000 after buying an additional 9,540 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Pembina Pipeline in the fourth quarter valued at about $5,145,000. Flagship Wealth Advisors LLC acquired a new position in Pembina Pipeline during the 4th quarter worth about $61,000. Finally, Signaturefd LLC grew its holdings in Pembina Pipeline by 19.3% during the 4th quarter. Signaturefd LLC now owns 19,666 shares of the pipeline company's stock worth $727,000 after acquiring an additional 3,180 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Trading Down 0.0 %

Shares of PBA stock traded down $0.02 during trading hours on Tuesday, reaching $40.10. The company had a trading volume of 1,675,223 shares, compared to its average volume of 1,113,208. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-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 firm has a market cap of $23.28 billion, a price-to-earnings ratio of 16.57 and a beta of 1.26. The company has a 50 day moving average of $37.36 and a 200 day moving average of $39.30.

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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 paid a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a yield of 4.77%. The ex-dividend date is Monday, March 17th. Pembina Pipeline's payout ratio is 86.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. TD Securities assumed coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Wells Fargo & Company cut Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, Barclays began coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an "overweight" rating on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.50.

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.