Vanguard Group Inc. Raises Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Vanguard Group Inc. boosted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,887,077 shares of the pipeline company’s stock after purchasing an additional 770,729 shares during the quarter. Vanguard Group Inc. owned approximately 4.29% of Pembina Pipeline worth $919,503,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Pembina Pipeline by 8.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,507,356 shares of the pipeline company’s stock valued at $62,201,000 after acquiring an additional 121,005 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Pembina Pipeline by 60.1% in the 3rd quarter. Cerity Partners LLC now owns 32,186 shares of the pipeline company’s stock valued at $1,327,000 after purchasing an additional 12,081 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Pembina Pipeline by 4.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock valued at $286,000 after purchasing an additional 273 shares in the last quarter. Larson Financial Group LLC grew its stake in Pembina Pipeline by 67.6% in the third quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 541 shares in the last quarter. Finally, FMR LLC grew its stake in Pembina Pipeline by 1,396.8% in the third quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after purchasing an additional 510,873 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Trading Up 0.1 %

NYSE:PBA opened at $39.91 on Friday. The firm has a market capitalization of $23.17 billion, a P/E ratio of 16.49 and a beta of 1.26. The business has a 50 day simple moving average of $37.59 and a 200 day simple moving average of $39.30. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline Co. has a 12-month low of $33.83 and a 12-month high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is 86.76%.

Analyst Ratings Changes

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

Pembina Pipeline 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.