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

Northwest & Ethical Investments L.P. cut its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PBA. Prospera Private Wealth LLC bought a new stake in Pembina Pipeline in the third quarter valued at approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in Pembina Pipeline in the third quarter valued at approximately $26,000. Versant Capital Management Inc bought a new stake in Pembina Pipeline in the fourth quarter valued at approximately $27,000. Sound Income Strategies LLC bought a new stake in Pembina Pipeline in the fourth quarter valued at approximately $27,000. Finally, Dunhill Financial LLC bought a new stake in Pembina Pipeline in the third quarter valued at approximately $28,000. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $40.01 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a twelve month low of $33.83 and a twelve month high of $43.44. The stock’s 50 day moving average is $37.21 and its 200-day moving average is $39.32. The firm has a market capitalization of $23.23 billion, a price-to-earnings ratio of 16.53 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.4783 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is 86.76%.

Wall Street Analysts Forecast Growth

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

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.