Northwest & Ethical Investments L.P. Sells 9,873 Shares of Pembina Pipeline Co. (NYSE:PBA)

Northwest & Ethical Investments L.P. cut its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 109,874 shares of the pipeline company’s stock after selling 9,873 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Pembina Pipeline were worth $4,052,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. VSM Wealth Advisory LLC bought a new position in Pembina Pipeline during the 4th quarter valued at $37,000. Maryland State Retirement & Pension System lifted its stake in Pembina Pipeline by 1.3% during the 4th quarter. Maryland State Retirement & Pension System now owns 730,863 shares of the pipeline company’s stock valued at $26,991,000 after acquiring an additional 9,540 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Pembina Pipeline during the 4th quarter valued at $5,145,000. Flagship Wealth Advisors LLC bought a new position in Pembina Pipeline during the 4th quarter valued at $61,000. Finally, Signaturefd LLC lifted its stake in Pembina Pipeline by 19.3% during the 4th quarter. Signaturefd LLC now owns 19,666 shares of the pipeline company’s stock valued at $727,000 after acquiring an additional 3,180 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays assumed coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Finally, Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Moderate Buy” and a consensus target price of $56.50.

Pembina Pipeline Trading Up 1.4 %

NYSE PBA opened at $40.01 on Friday. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of 16.53 and a beta of 1.26. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The business’s fifty day moving average is $37.21 and its 200-day moving average is $39.32.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.4783 dividend. This represents a $1.91 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 86.76%.

Pembina Pipeline 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.