PCJ Investment Counsel Ltd. Purchases 20,150 Shares of Pembina Pipeline Co. (NYSE:PBA)

PCJ Investment Counsel Ltd. increased its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 73.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,670 shares of the pipeline company's stock after acquiring an additional 20,150 shares during the quarter. PCJ Investment Counsel Ltd.'s holdings in Pembina Pipeline were worth $1,759,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Safe Harbor Fiduciary LLC acquired a new stake in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline during the third 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. Finally, Sound Income Strategies LLC purchased a new position in Pembina Pipeline during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Up 1.3 %

PBA stock traded up $0.51 during trading hours on Wednesday, hitting $38.80. The company's stock had a trading volume of 993,337 shares, compared to its average volume of 1,102,062. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $22.53 billion, a PE ratio of 16.03 and a beta of 1.26. Pembina Pipeline Co. has a 12 month low of $33.83 and a 12 month high of $43.44. The stock has a 50 day moving average price of $36.90 and a two-hundred day moving average price of $39.36.

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Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.4783 dividend. This represents a $1.91 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline's dividend payout ratio is 86.76%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. TD Securities assumed coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a "buy" rating on the stock. Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday. Wells Fargo & Company downgraded shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Barclays assumed coverage on shares of Pembina Pipeline in a research report 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 given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.