Swiss National Bank Sells 68,200 Shares of Pembina Pipeline Co. (NYSE:PBA)

Swiss National Bank lowered its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,684,396 shares of the pipeline company’s stock after selling 68,200 shares during the period. Swiss National Bank owned about 0.29% of Pembina Pipeline worth $62,204,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in PBA. PDT Partners LLC purchased a new stake in shares of Pembina Pipeline in the 3rd quarter worth $1,329,000. Van ECK Associates Corp raised its stake in Pembina Pipeline by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company’s stock valued at $8,335,000 after purchasing an additional 16,762 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Pembina Pipeline by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after acquiring an additional 624,958 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Pembina Pipeline by 32.3% in the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock worth $22,786,000 after purchasing an additional 150,689 shares during the period. Finally, FMR LLC boosted its stake in Pembina Pipeline by 1,396.8% during the third quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after buying an additional 510,873 shares during the period. 55.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PBA has been the topic of a number of analyst reports. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating on the stock. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Barclays initiated coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. Finally, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

Pembina Pipeline Stock Up 1.3 %

Pembina Pipeline stock opened at $39.00 on Friday. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The business’s 50-day simple moving average is $37.00 and its two-hundred day simple moving average is $39.34. 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 company has a market cap of $22.64 billion, a PE ratio of 16.12 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.90%. Pembina Pipeline’s payout ratio is currently 86.76%.

Pembina Pipeline Company 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.