Quantbot Technologies LP Grows Position in Pembina Pipeline Co. (NYSE:PBA)

Quantbot Technologies LP boosted its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 149.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,893 shares of the pipeline company's stock after purchasing an additional 40,056 shares during the quarter. Quantbot Technologies LP's holdings in Pembina Pipeline were worth $2,472,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its holdings in shares of Pembina Pipeline by 71.6% in the third quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock valued at $130,501,000 after buying an additional 1,319,709 shares during the last quarter. AGF Management Ltd. raised its stake in Pembina Pipeline by 612.7% during the 4th quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock valued at $40,025,000 after acquiring an additional 929,206 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock valued at $167,000,000 after acquiring an additional 624,958 shares during the last quarter. FMR LLC lifted its position in Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company's stock worth $22,573,000 after acquiring an additional 510,873 shares during the period. Finally, Point72 Asset Management L.P. grew its stake in shares of Pembina Pipeline by 114.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 536,545 shares of the pipeline company's stock valued at $22,121,000 after purchasing an additional 286,267 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PBA shares. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an "overweight" rating for the company. TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $56.50.

Pembina Pipeline Price Performance

Shares of NYSE:PBA traded down $0.22 on Thursday, reaching $39.87. 408,211 shares of the company were exchanged, compared to its average volume of 1,114,145. 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 50-day moving average of $37.49 and a 200-day moving average of $39.30. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 16.48 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company 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 dividend of $0.4783 per share. The ex-dividend date is Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.80%. Pembina Pipeline's dividend payout ratio is presently 86.76%.

About Pembina Pipeline

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.