American Century Companies Inc. Purchases 15,119 Shares of Pembina Pipeline Co. (NYSE:PBA)

American Century Companies Inc. raised its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,953 shares of the pipeline company’s stock after acquiring an additional 15,119 shares during the period. American Century Companies Inc.’s holdings in Pembina Pipeline were worth $5,208,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. AGF Management Ltd. lifted its position in Pembina Pipeline by 612.7% in the fourth quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company’s stock worth $40,025,000 after purchasing an additional 929,206 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after acquiring an additional 624,958 shares during the period. FMR LLC lifted its holdings in shares of Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after acquiring an additional 510,873 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Pembina Pipeline by 114.4% during the 3rd quarter. Point72 Asset Management L.P. now owns 536,545 shares of the pipeline company’s stock valued at $22,121,000 after acquiring an additional 286,267 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its stake in Pembina Pipeline by 19.1% in the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,675,327 shares of the pipeline company’s stock valued at $61,903,000 after acquiring an additional 269,062 shares during the period. Institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

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

Pembina Pipeline Stock Down 8.0 %

Shares of PBA opened at $37.17 on Friday. The business’s 50 day simple moving average is $37.84 and its 200-day simple moving average is $39.26. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. The company has a market capitalization of $21.58 billion, a P/E ratio of 15.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline’s dividend payout ratio is currently 86.76%.

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.