Aviso Financial Inc. Buys 10,941 Shares of Pembina Pipeline Co. (NYSE:PBA)

Aviso Financial Inc. raised its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,035 shares of the pipeline company's stock after acquiring an additional 10,941 shares during the period. Aviso Financial Inc.'s holdings in Pembina Pipeline were worth $4,249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kingsview Wealth Management LLC grew its position in Pembina Pipeline by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company's stock valued at $286,000 after purchasing an additional 273 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company's stock worth $108,000 after buying an additional 308 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of Pembina Pipeline by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company's stock valued at $770,000 after buying an additional 334 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Pembina Pipeline by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock valued at $846,000 after acquiring an additional 348 shares in the last quarter. Finally, MONECO Advisors LLC raised its holdings in Pembina Pipeline by 9.9% in the 4th quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company's stock worth $220,000 after acquiring an additional 537 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Remove Ads

Analyst Ratings Changes

A number of research firms have commented on PBA. Barclays started coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an "overweight" rating for the company. Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Finally, TD Securities assumed coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $56.50.

Pembina Pipeline Stock Performance

PBA stock traded down $0.04 during trading on Tuesday, reaching $39.00. The stock had a trading volume of 1,108,303 shares, compared to its average volume of 1,106,566. The firm has a market cap of $22.64 billion, a PE ratio of 16.11 and a beta of 1.26. 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's 50 day moving average is $37.05 and its two-hundred day moving average is $39.32. Pembina Pipeline Co. has a 52 week low of $33.83 and a 52 week high of $43.44.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline's payout ratio is 86.76%.

Pembina Pipeline 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.