Kestra Private Wealth Services LLC Sells 2,636 Shares of Pembina Pipeline Co. (NYSE:PBA)

Kestra Private Wealth Services LLC decreased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,013 shares of the pipeline company’s stock after selling 2,636 shares during the period. Kestra Private Wealth Services LLC’s holdings in Pembina Pipeline were worth $555,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. PDT Partners LLC acquired a new position in shares of Pembina Pipeline in the third quarter valued at $1,329,000. JPMorgan Chase & Co. raised its stake in shares of Pembina Pipeline by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after buying an additional 624,958 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Pembina Pipeline by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock worth $527,000 after acquiring an additional 860 shares during the period. Jennison Associates LLC boosted its position in shares of Pembina Pipeline by 32.3% during the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock valued at $22,786,000 after acquiring an additional 150,689 shares in the last quarter. Finally, FMR LLC increased 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 valued at $22,573,000 after acquiring an additional 510,873 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Down 1.9 %

Shares of PBA opened at $36.20 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The company has a market cap of $21.01 billion, a price-to-earnings ratio of 14.96 and a beta of 1.25. The stock has a fifty day moving average price of $36.93 and a two-hundred day moving average price of $39.50. Pembina Pipeline Co. has a 52-week low of $33.36 and a 52-week high of $43.44.

Wall Street Analyst Weigh In

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