Cumberland Partners Ltd Grows Holdings in Pembina Pipeline Co. (NYSE:PBA)

Cumberland Partners Ltd boosted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,080 shares of the pipeline company’s stock after acquiring an additional 9,233 shares during the period. Cumberland Partners Ltd’s holdings in Pembina Pipeline were worth $3,877,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Kingsview Wealth Management LLC increased its stake in shares of Pembina Pipeline by 4.1% during the third 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. MassMutual Private Wealth & Trust FSB increased its position in Pembina Pipeline by 11.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock valued at $108,000 after buying an additional 308 shares in the last quarter. CENTRAL TRUST Co raised its stake in Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock valued at $34,000 after buying an additional 325 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Pembina Pipeline by 1.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after acquiring an additional 334 shares in the last quarter. Finally, Gold Investment Management Ltd. grew its stake in shares of Pembina Pipeline by 4.2% in the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock worth $453,000 after acquiring an additional 439 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $36.40 on Thursday. The firm’s 50-day moving average price is $36.82 and its 200-day moving average price is $39.49. Pembina Pipeline Co. has a 52-week low of $33.60 and a 52-week high of $43.44. The company has a market cap of $21.13 billion, a PE ratio of 15.04 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on PBA shares. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Barclays began coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating for the company. Finally, TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $56.50.

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.