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

Generali Asset Management SPA SGR bought a new position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 139,251 shares of the pipeline company’s stock, valued at approximately $5,145,000.

Several other large investors have also recently made changes to their positions in the company. Kingsview Wealth Management LLC increased its holdings 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 during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Pembina Pipeline by 11.7% in the 4th 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. Oppenheimer Asset Management Inc. increased its position in shares of 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 purchasing an additional 334 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Pembina Pipeline by 1.5% during 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 during the period. Finally, MONECO Advisors LLC lifted its position in Pembina Pipeline by 9.9% in the fourth quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company’s stock worth $220,000 after buying an additional 537 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PBA shares. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities began coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a report 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.50.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA opened at $39.00 on Wednesday. The firm’s 50 day simple moving average is $37.10 and its 200-day simple moving average is $39.32. 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 Co. has a one year low of $33.83 and a one year high of $43.44. The firm has a market cap of $22.64 billion, a PE ratio of 16.11 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.4783 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.91%. 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.