Tcfg Wealth Management LLC Takes $310,000 Position in Pembina Pipeline Co. (NYSE:PBA)

Tcfg Wealth Management LLC acquired a new position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 8,401 shares of the pipeline company's stock, valued at approximately $310,000.

Several other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in shares of Pembina Pipeline by 8.1% during the third quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company's stock valued at $264,315,000 after acquiring an additional 481,285 shares during the last quarter. Kayne Anderson Capital Advisors LP grew its stake in Pembina Pipeline by 15.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company's stock valued at $171,360,000 after purchasing an additional 550,491 shares during the period. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 624,958 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Pembina Pipeline by 71.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock worth $130,501,000 after purchasing an additional 1,319,709 shares during the period. Finally, Cardinal Capital Management Inc. raised its stake in shares of Pembina Pipeline by 1.3% during the 4th quarter. Cardinal Capital Management Inc. now owns 2,920,900 shares of the pipeline company's stock worth $107,675,000 after purchasing an additional 37,595 shares during the period. Institutional investors own 55.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PBA shares. Wells Fargo & Company lowered shares of Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an "overweight" rating for the company. Finally, TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pembina Pipeline currently has an average rating of "Hold" and an average price target of $56.50.

Pembina Pipeline Stock Performance

NYSE:PBA traded up $0.01 on Wednesday, reaching $36.40. 2,353,541 shares of the company's stock were exchanged, compared to its average volume of 1,475,251. The firm has a market cap of $21.13 billion, a price-to-earnings ratio of 15.04 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The stock has a fifty day simple moving average of $36.82 and a 200-day simple moving average of $39.49. Pembina Pipeline Co. has a 52 week low of $33.60 and a 52 week high of $43.44.

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.