Miller Howard Investments Inc. NY Purchases 112,298 Shares of Pembina Pipeline Co. (NYSE:PBA)

Miller Howard Investments Inc. NY lifted its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 552,076 shares of the pipeline company’s stock after buying an additional 112,298 shares during the period. Miller Howard Investments Inc. NY owned about 0.10% of Pembina Pipeline worth $20,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position in shares of Pembina Pipeline by 39.3% during the fourth quarter. Empowered Funds LLC now owns 17,186 shares of the pipeline company’s stock worth $635,000 after purchasing an additional 4,852 shares during the period. Cidel Asset Management Inc. lifted its stake in Pembina Pipeline by 0.9% in the fourth quarter. Cidel Asset Management Inc. now owns 253,715 shares of the pipeline company’s stock valued at $9,369,000 after buying an additional 2,197 shares in the last quarter. RNC Capital Management LLC boosted its holdings in shares of Pembina Pipeline by 7.6% in the fourth quarter. RNC Capital Management LLC now owns 23,406 shares of the pipeline company’s stock valued at $865,000 after buying an additional 1,648 shares during the period. Tectonic Advisors LLC raised its holdings in shares of Pembina Pipeline by 83.4% during the fourth quarter. Tectonic Advisors LLC now owns 13,388 shares of the pipeline company’s stock worth $495,000 after acquiring an additional 6,090 shares during the period. Finally, Jennison Associates LLC lifted its position in Pembina Pipeline by 32.3% in the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock valued at $22,786,000 after acquiring an additional 150,689 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PBA. TD Securities assumed coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. 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 issued an “overweight” rating for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Trading Up 0.4 %

PBA opened at $36.70 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. The stock has a market capitalization of $21.31 billion, a price-to-earnings ratio of 15.17 and a beta of 1.25. The company has a 50-day simple moving average of $37.28 and a 200 day simple moving average of $39.56. Pembina Pipeline Co. has a twelve month low of $32.81 and a twelve month high of $43.44.

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.