TD Asset Management Inc. Buys 347,872 Shares of Pembina Pipeline Co. (NYSE:PBA)

TD Asset Management Inc. raised its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,789,722 shares of the pipeline company's stock after buying an additional 347,872 shares during the quarter. TD Asset Management Inc. owned 1.17% of Pembina Pipeline worth $250,732,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBA. Empowered Funds LLC raised its position in shares of Pembina Pipeline by 96.8% in the 3rd quarter. Empowered Funds LLC now owns 12,334 shares of the pipeline company's stock valued at $509,000 after acquiring an additional 6,068 shares during the period. Natixis Advisors LLC increased its stake in Pembina Pipeline by 19.2% in the third quarter. Natixis Advisors LLC now owns 33,232 shares of the pipeline company's stock valued at $1,370,000 after purchasing an additional 5,360 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Pembina Pipeline by 8.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,507,356 shares of the pipeline company's stock worth $62,201,000 after purchasing an additional 121,005 shares during the period. Cerity Partners LLC raised its holdings in Pembina Pipeline by 60.1% in the third quarter. Cerity Partners LLC now owns 32,186 shares of the pipeline company's stock worth $1,327,000 after purchasing an additional 12,081 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in shares of Pembina Pipeline by 4.1% during the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company's stock worth $286,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 55.37% of the company's stock.

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Analyst Upgrades and Downgrades

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

Pembina Pipeline Price Performance

Shares of NYSE:PBA traded up $0.04 during trading on Friday, hitting $39.91. 649,829 shares of the company were exchanged, compared to its average volume of 1,274,364. 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 $23.17 billion, a P/E ratio of 16.49 and a beta of 1.26. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44. The business's 50 day moving average is $37.59 and its 200-day moving average is $39.29.

Pembina Pipeline Cuts Dividend

The business 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 $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline's dividend payout ratio is currently 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.