PCJ Investment Counsel Ltd. Has $1.76 Million Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

PCJ Investment Counsel Ltd. grew its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 73.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,670 shares of the pipeline company’s stock after buying an additional 20,150 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Pembina Pipeline were worth $1,759,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in shares of Pembina Pipeline by 1.5% in 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at $40,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Pembina Pipeline by 7.9% during the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 27,322 shares of the pipeline company’s stock worth $1,010,000 after purchasing an additional 2,004 shares in the last quarter. Heronetta Management L.P. increased its position in shares of Pembina Pipeline by 1.0% during the 4th quarter. Heronetta Management L.P. now owns 197,698 shares of the pipeline company’s stock worth $7,305,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Pembina Pipeline during the 4th quarter worth about $2,832,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on PBA shares. Barclays started coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Wells Fargo & Company cut shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, TD Securities started coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Trading Up 0.3 %

PBA opened at $37.83 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $21.97 billion, a PE ratio of 15.63 and a beta of 1.26. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44. The firm has a 50-day moving average price of $36.84 and a two-hundred day moving average price of $39.37.

Pembina Pipeline Cuts Dividend

The firm also recently announced 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. This represents a $1.91 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 86.76%.

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.