Pembina Pipeline Co. (NYSE:PBA) Shares Acquired by Swiss National Bank

Swiss National Bank increased its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 0.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,752,596 shares of the pipeline company's stock after acquiring an additional 13,800 shares during the period. Swiss National Bank owned about 0.30% of Pembina Pipeline worth $72,360,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PBA. CENTRAL TRUST Co grew its holdings in Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock valued at $34,000 after buying an additional 325 shares in the last quarter. Granite Group Advisors LLC raised its position in shares of Pembina Pipeline by 5.2% during the first quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company's stock worth $237,000 after acquiring an additional 330 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Pembina Pipeline by 1.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company's stock worth $770,000 after purchasing an additional 334 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Pembina Pipeline by 30.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock valued at $65,000 after buying an additional 387 shares during the period. Finally, Gold Investment Management Ltd. grew its stake in Pembina Pipeline by 4.2% in the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company's stock valued at $453,000 after acquiring an additional 439 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

PBA has been the topic of several research reports. Raymond James started coverage on shares of Pembina Pipeline in a research report on Friday, October 11th. They issued an "outperform" rating on the stock. UBS Group began coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a "neutral" rating for the company. Finally, Citigroup boosted their target price on Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, August 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Price Performance

NYSE PBA traded up $0.05 on Wednesday, reaching $42.47. The company had a trading volume of 668,539 shares, compared to its average volume of 1,110,798. Pembina Pipeline Co. has a 12 month low of $32.10 and a 12 month high of $43.44. 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 firm's 50 day moving average price is $41.80 and its 200 day moving average price is $39.21. The stock has a market capitalization of $24.65 billion, a PE ratio of 17.53 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.50. This represents a $2.76 dividend on an annualized basis and a yield of 6.50%. Pembina Pipeline's payout ratio is 84.30%.

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.