Dynamic Technology Lab Private Ltd Takes Position in Pembina Pipeline Co. (NYSE:PBA)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,414 shares of the pipeline company’s stock, valued at approximately $459,000.

Several other institutional investors have also recently added to or reduced their stakes in PBA. Van ECK Associates Corp grew its stake in shares of Pembina Pipeline by 8.0% in the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company’s stock valued at $8,335,000 after purchasing an additional 16,762 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after purchasing an additional 624,958 shares during the period. PNC Financial Services Group Inc. grew its position in 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 during the last quarter. Jennison Associates LLC increased its stake 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 buying an additional 150,689 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Pembina Pipeline by 0.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company’s stock worth $230,610,000 after buying an additional 32,519 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PBA shares. TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Barclays started coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating on the stock. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Price Performance

PBA stock opened at $35.36 on Wednesday. The company has a market cap of $20.53 billion, a price-to-earnings ratio of 14.61 and a beta of 0.89. 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 firm has a 50 day moving average of $37.79 and a 200-day moving average of $39.16. 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 announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.4783 per share. The ex-dividend date was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 5.41%. Pembina Pipeline’s payout ratio is 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.