Natixis Advisors LLC Acquires 1,133 Shares of Pembina Pipeline Co. (NYSE:PBA)

Natixis Advisors LLC raised its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,365 shares of the pipeline company’s stock after purchasing an additional 1,133 shares during the period. Natixis Advisors LLC’s holdings in Pembina Pipeline were worth $1,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Midwest Professional Planners LTD. bought a new position in shares of Pembina Pipeline during the fourth quarter worth about $612,000. Aviso Financial Inc. raised its holdings in Pembina Pipeline by 10.5% during the 4th quarter. Aviso Financial Inc. now owns 115,035 shares of the pipeline company’s stock worth $4,249,000 after purchasing an additional 10,941 shares during the last quarter. Achmea Investment Management B.V. lifted its position in shares of Pembina Pipeline by 26.8% in the 4th quarter. Achmea Investment Management B.V. now owns 422,838 shares of the pipeline company’s stock worth $15,614,000 after purchasing an additional 89,392 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Pembina Pipeline by 0.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company’s stock valued at $230,610,000 after purchasing an additional 32,519 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Pembina Pipeline by 11.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,206 shares of the pipeline company’s stock worth $525,000 after buying an additional 1,439 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Down 0.0 %

PBA stock opened at $40.10 on Wednesday. The stock’s 50 day simple moving average is $37.43 and its 200 day simple moving average is $39.30. The company has a market cap of $23.28 billion, a P/E ratio of 16.57 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.4783 per share. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s payout ratio is 86.76%.

Analysts Set New Price Targets

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