Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Empowered Funds LLC

Empowered Funds LLC lifted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 39.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,186 shares of the pipeline company’s stock after buying an additional 4,852 shares during the period. Empowered Funds LLC’s holdings in Pembina Pipeline were worth $635,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cidel Asset Management Inc. raised its stake in Pembina Pipeline by 0.9% in the 4th quarter. Cidel Asset Management Inc. now owns 253,715 shares of the pipeline company’s stock valued at $9,369,000 after purchasing an additional 2,197 shares during the last quarter. RNC Capital Management LLC grew its holdings in shares of Pembina Pipeline by 7.6% during the 4th quarter. RNC Capital Management LLC now owns 23,406 shares of the pipeline company’s stock worth $865,000 after purchasing an additional 1,648 shares during the period. Tectonic Advisors LLC boosted its holdings in Pembina Pipeline by 83.4% in the 4th quarter. Tectonic Advisors LLC now owns 13,388 shares of the pipeline company’s stock worth $495,000 after acquiring an additional 6,090 shares during the period. Jennison Associates LLC boosted its holdings in Pembina Pipeline by 32.3% in the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock worth $22,786,000 after acquiring an additional 150,689 shares during the period. Finally, Greenleaf Trust boosted its holdings in Pembina Pipeline by 9.9% in the 4th quarter. Greenleaf Trust now owns 9,472 shares of the pipeline company’s stock worth $350,000 after acquiring an additional 850 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Pembina Pipeline Trading Up 0.3 %

Shares of PBA stock opened at $36.38 on Wednesday. The stock has a 50-day simple moving average of $36.87 and a 200 day simple moving average of $39.50. Pembina Pipeline Co. has a fifty-two week low of $33.60 and a fifty-two week high of $43.44. The stock has a market capitalization of $21.12 billion, a P/E ratio of 15.03 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.

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.