UniSuper Management Pty Ltd Cuts Stake in Pembina Pipeline Co. (NYSE:PBA)

UniSuper Management Pty Ltd decreased its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 972,943 shares of the pipeline company's stock after selling 225,113 shares during the quarter. UniSuper Management Pty Ltd owned about 0.17% of Pembina Pipeline worth $35,950,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Pembina Pipeline by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock worth $919,503,000 after buying an additional 770,729 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Pembina Pipeline by 5.4% in the 4th quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company's stock worth $250,732,000 after acquiring an additional 347,872 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Pembina Pipeline by 0.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company's stock worth $230,610,000 after purchasing an additional 32,519 shares during the period. JPMorgan Chase & Co. grew its holdings in 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. Finally, The Manufacturers Life Insurance Company grew its holdings in 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 valued at $130,501,000 after purchasing an additional 1,319,709 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have recently commented on PBA shares. Citigroup raised Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. TD Securities started coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating on the stock. Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an "overweight" rating for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.50.

Pembina Pipeline Trading Up 0.4 %

PBA traded up $0.16 during trading on Monday, hitting $40.09. 224,939 shares of the stock were exchanged, compared to its average volume of 1,270,299. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The firm has a 50 day simple moving average of $37.59 and a 200 day simple moving average of $39.28. The firm has a market cap of $23.27 billion, a price-to-earnings ratio of 16.56 and a beta of 1.26. Pembina Pipeline Co. has a 1 year low of $33.83 and a 1 year high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.77%. Pembina Pipeline's dividend payout ratio is currently 86.76%.

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.