Caprock Group LLC Buys Shares of 6,353 Pembina Pipeline Co. (NYSE:PBA)

Caprock Group LLC acquired a new position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,353 shares of the pipeline company’s stock, valued at approximately $235,000.

Several other institutional investors have also recently added to or reduced their stakes in PBA. PDT Partners LLC acquired a new position in Pembina Pipeline during the third quarter worth $1,329,000. JPMorgan Chase & Co. lifted its stake in 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 in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Pembina Pipeline by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock valued at $527,000 after acquiring an additional 860 shares during the period. FMR LLC grew its position in Pembina Pipeline by 1,396.8% in the 3rd 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 in the last quarter. Finally, Recurrent Investment Advisors LLC increased its stake in Pembina Pipeline by 2.6% during the third quarter. Recurrent Investment Advisors LLC now owns 1,637,910 shares of the pipeline company’s stock worth $67,994,000 after purchasing an additional 41,282 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $36.54 on Friday. Pembina Pipeline Co. has a 1-year low of $32.81 and a 1-year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The firm’s fifty day moving average price is $37.47 and its 200 day moving average price is $39.59. The firm has a market cap of $21.22 billion, a price-to-earnings ratio of 15.10 and a beta of 1.25.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PBA shares. Raymond James assumed coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating for the company. Barclays started coverage on Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. TD Securities began coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.