Generali Asset Management SPA SGR Takes $5.15 Million Position in Pembina Pipeline Co. (NYSE:PBA)

Generali Asset Management SPA SGR acquired a new stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 139,251 shares of the pipeline company’s stock, valued at approximately $5,145,000.

Several other institutional investors also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. boosted its position in Pembina Pipeline by 1.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock valued at $770,000 after acquiring an additional 334 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Pembina Pipeline during the third quarter valued at about $284,000. Empowered Funds LLC grew its stake in Pembina Pipeline by 96.8% in the third quarter. Empowered Funds LLC now owns 12,334 shares of the pipeline company’s stock valued at $509,000 after purchasing an additional 6,068 shares during the last quarter. Natixis Advisors LLC grew its stake in Pembina Pipeline by 19.2% in the third quarter. Natixis Advisors LLC now owns 33,232 shares of the pipeline company’s stock valued at $1,370,000 after purchasing an additional 5,360 shares during the last quarter. Finally, Swiss National Bank grew its stake in Pembina Pipeline by 0.8% in the third quarter. Swiss National Bank now owns 1,752,596 shares of the pipeline company’s stock valued at $72,360,000 after purchasing an additional 13,800 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $39.00 on Wednesday. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The firm has a market capitalization of $22.64 billion, a price-to-earnings ratio of 16.11 and a beta of 1.26. 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 stock’s 50-day simple moving average is $37.10 and its 200-day simple moving average is $39.32.

Pembina Pipeline Cuts Dividend

The company 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 dividend of $0.4783 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is 86.76%.

Analyst Upgrades and Downgrades

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