Pembina Pipeline Co. (NYSE:PBA) Holdings Increased by Allworth Financial LP

Allworth Financial LP grew its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 84.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,175 shares of the pipeline company’s stock after buying an additional 1,454 shares during the quarter. Allworth Financial LP’s holdings in Pembina Pipeline were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Pembina Pipeline by 3.4% in the 3rd quarter. Creative Planning now owns 73,995 shares of the pipeline company’s stock worth $3,052,000 after purchasing an additional 2,419 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Pembina Pipeline by 223.8% in the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 508 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Pembina Pipeline by 7.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock worth $527,000 after purchasing an additional 860 shares in the last quarter. CENTRAL TRUST Co raised its holdings in shares of Pembina Pipeline by 65.0% in the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 325 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Pembina Pipeline by 16.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 24,697 shares of the pipeline company’s stock worth $1,019,000 after purchasing an additional 3,399 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Performance

Shares of PBA opened at $36.18 on Monday. The company’s 50 day moving average price is $36.68 and its 200 day moving average price is $39.45. Pembina Pipeline Co. has a 52 week low of $33.83 and a 52 week high of $43.44. The company has a market capitalization of $21.01 billion, a PE ratio of 14.95 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Analyst Ratings Changes

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

Pembina Pipeline Company 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.