Scotia Capital Inc. Has $183.60 Million Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Scotia Capital Inc. lifted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,969,977 shares of the pipeline company's stock after acquiring an additional 85,121 shares during the period. Scotia Capital Inc. owned approximately 0.86% of Pembina Pipeline worth $183,596,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Pembina Pipeline during the fourth quarter worth about $171,860,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Pembina Pipeline during the 4th quarter worth approximately $73,073,000. Hillsdale Investment Management Inc. boosted its stake in Pembina Pipeline by 338.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock valued at $47,598,000 after buying an additional 995,735 shares in the last quarter. AGF Management Ltd. grew its position in Pembina Pipeline by 612.7% in the fourth 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 period. Finally, Geode Capital Management LLC raised its stake in Pembina Pipeline by 30.4% during the fourth quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock worth $133,449,000 after acquiring an additional 824,232 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

NYSE PBA traded down $0.01 on Tuesday, hitting $36.93. 286,821 shares of the company were exchanged, compared to its average volume of 1,270,919. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44. The firm has a 50 day moving average of $37.77 and a two-hundred day moving average of $38.98. 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 company has a market cap of $21.44 billion, a P/E ratio of 15.26 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.4783 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.18%. Pembina Pipeline's dividend payout ratio (DPR) is currently 86.76%.

Analyst Ratings Changes

PBA has been the topic of several recent analyst reports. Wells Fargo & Company downgraded shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. TD Securities started coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Citigroup raised shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Pembina Pipeline currently has an average rating of "Moderate Buy" and a consensus price target of $56.50.

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.