XTX Topco Ltd Makes New $389,000 Investment in Pembina Pipeline Co. (NYSE:PBA)

XTX Topco Ltd purchased a new position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,533 shares of the pipeline company's stock, valued at approximately $389,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Pembina Pipeline in the fourth quarter valued at approximately $171,860,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Pembina Pipeline in the 4th quarter valued at $73,073,000. Hillsdale Investment Management Inc. boosted its holdings in Pembina Pipeline by 338.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock worth $47,598,000 after purchasing an additional 995,735 shares in the last quarter. AGF Management Ltd. increased its position in Pembina Pipeline by 612.7% during the fourth quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock worth $40,025,000 after buying an additional 929,206 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Pembina Pipeline by 30.4% during the fourth quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock valued at $133,449,000 after buying an additional 824,232 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PBA has been the topic of a number of analyst reports. TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has an average rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $38.22 on Wednesday. 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 business has a 50 day moving average price of $37.89 and a 200 day moving average price of $38.82. The company has a market cap of $22.19 billion, a price-to-earnings ratio of 15.79 and a beta of 0.89. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.4783 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.01%. Pembina Pipeline's payout ratio is 86.76%.

About Pembina Pipeline

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.

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