Triasima Portfolio Management inc. Lowers Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Triasima Portfolio Management inc. trimmed its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 22.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 272,032 shares of the pipeline company's stock after selling 77,506 shares during the quarter. Pembina Pipeline accounts for about 1.9% of Triasima Portfolio Management inc.'s holdings, making the stock its 11th largest position. Triasima Portfolio Management inc.'s holdings in Pembina Pipeline were worth $10,046,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of PBA. 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. Intact Investment Management Inc. increased its stake in shares of Pembina Pipeline by 83.2% during the 3rd quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company's stock worth $81,498,000 after purchasing an additional 897,940 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Pembina Pipeline by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after purchasing an additional 624,958 shares during the period. Kayne Anderson Capital Advisors LP lifted its stake in Pembina Pipeline by 15.3% in the third 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 last quarter. Finally, FMR LLC increased its position in Pembina Pipeline by 1,396.8% in the third quarter. FMR LLC now owns 547,448 shares of the pipeline company's stock worth $22,573,000 after buying an additional 510,873 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Pembina Pipeline Price Performance

NYSE:PBA traded up $0.15 during mid-day trading on Tuesday, hitting $36.83. 321,331 shares of the stock traded hands, compared to its average volume of 1,459,182. Pembina Pipeline Co. has a 12-month low of $32.81 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 company has a market cap of $21.38 billion, a PE ratio of 15.22 and a beta of 1.25. The business's 50-day moving average price is $37.21 and its 200 day moving average price is $39.56.

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.