UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 14.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 759,545 shares of the pipeline company's stock after selling 131,366 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of Pembina Pipeline worth $31,324,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PBA. Toronto Dominion Bank grew its position in Pembina Pipeline by 97.2% during the 2nd quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company's stock worth $331,439,000 after purchasing an additional 4,405,792 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Pembina Pipeline by 56.9% during the second quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company's stock worth $311,142,000 after buying an additional 3,043,200 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Pembina Pipeline by 71.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company's stock valued at $130,501,000 after acquiring an additional 1,319,709 shares during the period. Intact Investment Management Inc. raised its stake in 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 valued at $81,498,000 after acquiring an additional 897,940 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in Pembina Pipeline by 2,256.3% during the 2nd quarter. Clearbridge Investments LLC now owns 649,778 shares of the pipeline company's stock worth $24,094,000 after acquiring an additional 622,202 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PBA. UBS Group started coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup raised their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Finally, Raymond James initiated coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an "outperform" rating on the stock. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $56.50.

Pembina Pipeline Price Performance

NYSE:PBA traded up $0.45 during trading hours on Thursday, hitting $40.57. The company's stock had a trading volume of 1,830,678 shares, compared to its average volume of 1,124,212. The company has a market capitalization of $23.55 billion, a PE ratio of 16.76 and a beta of 1.24. Pembina Pipeline Co. has a 52-week low of $32.39 and a 52-week high of $43.44. The business's 50-day moving average is $41.93 and its two-hundred day moving average is $39.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.69 dividend. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 6.80%. Pembina Pipeline's dividend payout ratio (DPR) is 84.30%.

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.