Pembina Pipeline Co. (NYSE:PBA) Stake Raised by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,887,077 shares of the pipeline company’s stock after buying an additional 770,729 shares during the quarter. Vanguard Group Inc.’s holdings in Pembina Pipeline were worth $919,503,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC grew its stake in shares of Pembina Pipeline by 4.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after purchasing an additional 273 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock worth $108,000 after purchasing an additional 308 shares during the period. PNC Financial Services Group Inc. grew its position in Pembina Pipeline by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company’s stock valued at $846,000 after buying an additional 348 shares in the last quarter. MONECO Advisors LLC increased its stake in Pembina Pipeline by 9.9% during the 4th quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company’s stock valued at $220,000 after buying an additional 537 shares during the period. Finally, Larson Financial Group LLC increased its stake in Pembina Pipeline by 67.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $55,000 after buying an additional 541 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Trading Up 0.1 %

Pembina Pipeline stock opened at $39.91 on Friday. The firm has a market cap of $23.17 billion, a price-to-earnings ratio of 16.49 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. The firm’s 50 day moving average price is $37.59 and its two-hundred day moving average price is $39.30. 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 Cuts Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is 86.76%.

Analyst Ratings Changes

Several research firms have recently issued reports on PBA. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Barclays began coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.