Aigen Investment Management LP increased its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 124.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,664 shares of the pipeline company's stock after buying an additional 18,095 shares during the quarter. Aigen Investment Management LP's holdings in Pembina Pipeline were worth $1,207,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. PDT Partners LLC purchased a new position in shares of Pembina Pipeline during the third quarter valued at $1,329,000. Van ECK Associates Corp grew its holdings in shares of Pembina Pipeline by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock valued at $8,335,000 after buying an additional 16,762 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock valued at $167,000,000 after buying an additional 624,958 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Pembina Pipeline by 32.3% during the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after buying an additional 150,689 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Pembina Pipeline by 1,396.8% during the third quarter. FMR LLC now owns 547,448 shares of the pipeline company's stock valued at $22,573,000 after buying an additional 510,873 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on PBA. TD Securities began coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, Barclays started coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an "overweight" rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $56.50.
Get Our Latest Report on Pembina Pipeline
Pembina Pipeline Stock Up 0.3 %
NYSE PBA traded up $0.11 on Friday, reaching $37.83. The stock had a trading volume of 1,172,565 shares, compared to its average volume of 1,099,943. The business has a 50 day moving average price of $36.84 and a 200 day moving average price of $39.37. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 1 year low of $33.83 and a 1 year high of $43.44. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 15.63 and a beta of 1.26.
Pembina Pipeline Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.4783 per share. The ex-dividend date is Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.06%. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.
About Pembina Pipeline
(
Free Report)
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.
See Also
Before you consider Pembina Pipeline, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pembina Pipeline wasn't on the list.
While Pembina Pipeline currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
