Miller Howard Investments Inc. NY Increases Position in Pembina Pipeline Co. (NYSE:PBA)

Miller Howard Investments Inc. NY grew its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 25.5% in the 4th quarter, HoldingsChannel reports. The firm owned 552,076 shares of the pipeline company’s stock after acquiring an additional 112,298 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Pembina Pipeline were worth $20,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. purchased a new stake in Pembina Pipeline in the third quarter worth $25,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Pembina Pipeline during the 3rd quarter valued at approximately $26,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline in the 3rd quarter worth approximately $26,000. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline in the third quarter worth $28,000. Finally, Versant Capital Management Inc purchased a new position in shares of Pembina Pipeline in the fourth quarter valued at $27,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $36.70 on Friday. The firm has a fifty day simple moving average of $37.28 and a two-hundred day simple moving average of $39.56. Pembina Pipeline Co. has a twelve month low of $32.81 and a twelve month high of $43.44. The company has a market capitalization of $21.31 billion, a PE ratio of 15.17 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

PBA has been the topic of a number of recent analyst reports. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. TD Securities started coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $56.50.

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.