Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,748,305 shares of the pipeline company's stock after selling 86,002 shares during the period. Alberta Investment Management Corp owned 0.30% of Pembina Pipeline worth $64,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. CIBC Asset Management Inc increased its position in Pembina Pipeline by 8.1% during the third quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company's stock worth $264,315,000 after purchasing an additional 481,285 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in Pembina Pipeline by 15.3% during the third quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company's stock worth $171,360,000 after purchasing an additional 550,491 shares during the last quarter. JPMorgan Chase & Co. increased its position in Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after purchasing an additional 624,958 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Pembina Pipeline by 71.6% during the third quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock worth $130,501,000 after purchasing an additional 1,319,709 shares during the last quarter. Finally, Cardinal Capital Management Inc. increased its position in Pembina Pipeline by 1.3% during the fourth quarter. Cardinal Capital Management Inc. now owns 2,920,900 shares of the pipeline company's stock worth $107,675,000 after purchasing an additional 37,595 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Down 0.7 %

NYSE PBA traded down $0.26 during trading hours on Friday, reaching $36.18. 2,023,151 shares of the company traded hands, compared to its average volume of 1,652,263. Pembina Pipeline Co. has a 12 month low of $33.83 and a 12 month high of $43.44. 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 has a market capitalization of $21.01 billion, a PE ratio of 14.95 and a beta of 1.25. The company has a 50 day moving average of $36.68 and a two-hundred day moving average of $39.44.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays assumed coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an "overweight" rating for the company. Wells Fargo & Company lowered shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, TD Securities began coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average 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.