Venturi Wealth Management LLC Purchases 880 Shares of Pembina Pipeline Co. (NYSE:PBA)

Venturi Wealth Management LLC increased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 880.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 980 shares of the pipeline company’s stock after acquiring an additional 880 shares during the quarter. Venturi Wealth Management LLC’s holdings in Pembina Pipeline were worth $36,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PBA. Blue Trust Inc. boosted its position in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 508 shares during the period. Assenagon Asset Management S.A. lifted its position in Pembina Pipeline by 16.0% during the third quarter. Assenagon Asset Management S.A. now owns 24,697 shares of the pipeline company’s stock valued at $1,019,000 after purchasing an additional 3,399 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Pembina Pipeline by 8.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,757 shares of the pipeline company’s stock valued at $609,000 after purchasing an additional 1,199 shares during the last quarter. US Bancorp DE lifted its position in Pembina Pipeline by 22.0% during the third quarter. US Bancorp DE now owns 11,161 shares of the pipeline company’s stock valued at $460,000 after purchasing an additional 2,014 shares during the last quarter. Finally, AustralianSuper Pty Ltd bought a new stake in Pembina Pipeline during the third quarter valued at approximately $3,317,000. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Up 0.7 %

Shares of Pembina Pipeline stock opened at $36.31 on Wednesday. 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 company’s fifty day simple moving average is $36.64 and its two-hundred day simple moving average is $39.42. The company has a market cap of $21.08 billion, a P/E ratio of 15.00 and a beta of 1.25. Pembina Pipeline Co. has a 12-month low of $33.83 and a 12-month high of $43.44.

Wall Street Analysts Forecast Growth

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

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.