Pembina Pipeline Co. (NYSE:PBA) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. decreased its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045,350 shares of the pipeline company's stock after selling 78,961 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.18% of Pembina Pipeline worth $38,568,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Pembina Pipeline by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock worth $8,335,000 after buying an additional 16,762 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Pembina Pipeline by 18.2% in the third 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. PNC Financial Services Group Inc. increased its holdings in Pembina Pipeline by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock worth $846,000 after acquiring an additional 348 shares during the last quarter. Jennison Associates LLC raised its position in shares of Pembina Pipeline by 32.3% in the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after purchasing an additional 150,689 shares during the period. Finally, Bank of Nova Scotia Trust Co. lifted its position in shares of Pembina Pipeline by 20.9% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock worth $12,466,000 after acquiring an additional 58,366 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Price Performance

NYSE PBA traded down $0.18 on Wednesday, reaching $38.10. The company had a trading volume of 714,115 shares, compared to its average volume of 1,271,097. The firm's 50 day moving average price is $37.93 and its 200 day moving average price is $38.81. Pembina Pipeline Co. has a 12 month low of $34.13 and a 12 month high of $43.44. The stock has a market capitalization of $22.12 billion, a PE ratio of 15.74 and a beta of 0.89. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.4783 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.02%. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Securities started coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating on the stock. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

Pembina Pipeline Company 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.