Tcfg Wealth Management LLC Invests $310,000 in Pembina Pipeline Co. (NYSE:PBA)

Tcfg Wealth Management LLC bought a new position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,401 shares of the pipeline company’s stock, valued at approximately $310,000.

Several other institutional investors have also recently made changes to their positions in PBA. Godsey & Gibb Inc. bought a new position in shares of Pembina Pipeline in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new position in shares of Pembina Pipeline in the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Pembina Pipeline in the 3rd quarter worth approximately $26,000. Versant Capital Management Inc purchased a new stake in shares of Pembina Pipeline in the 4th quarter worth approximately $27,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Pembina Pipeline in the 4th quarter worth approximately $27,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of PBA opened at $36.20 on Friday. The business’s fifty day simple moving average is $36.93 and its two-hundred day simple moving average is $39.50. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 12 month low of $33.36 and a 12 month high of $43.44. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 14.96 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PBA. Wells Fargo & Company downgraded 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 note on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Barclays began coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. Five 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, the company presently has an average rating of “Hold” and an average 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.