Swiss National Bank Has $62.20 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

Swiss National Bank reduced its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,684,396 shares of the pipeline company's stock after selling 68,200 shares during the period. Swiss National Bank owned 0.29% of Pembina Pipeline worth $62,204,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in PBA. Prospera Private Wealth LLC bought a new position in shares of Pembina Pipeline in the 3rd quarter worth $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Pembina Pipeline in the 3rd quarter worth $26,000. Versant Capital Management Inc bought a new position in shares of Pembina Pipeline in the 4th quarter worth $27,000. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline in the 4th quarter worth $27,000. Finally, Dunhill Financial LLC bought a new position in shares of Pembina Pipeline in the 3rd quarter worth $28,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Up 1.2 %

Shares of PBA traded up $0.47 during midday trading on Wednesday, hitting $39.48. The stock had a trading volume of 623,780 shares, compared to its average volume of 1,513,968. The company has a 50 day simple moving average of $37.10 and a two-hundred day simple moving average of $39.32. Pembina Pipeline Co. has a twelve month low of $33.83 and a twelve month high of $43.44. The firm has a market cap of $22.92 billion, a price-to-earnings ratio of 16.31 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

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Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Monday, March 17th. Pembina Pipeline's dividend payout ratio is currently 86.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PBA shares. Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. TD Securities initiated coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Finally, Barclays initiated coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an "overweight" rating on the stock. Four 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.50.

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.