Cidel Asset Management Inc. Has $9.37 Million Stake in Pembina Pipeline Co. (NYSE:PBA)

Cidel Asset Management Inc. raised its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 253,715 shares of the pipeline company’s stock after purchasing an additional 2,197 shares during the quarter. Cidel Asset Management Inc.’s holdings in Pembina Pipeline were worth $9,369,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in PBA. Godsey & Gibb Inc. bought a new position in Pembina Pipeline during the third quarter valued at about $25,000. Prospera Private Wealth LLC acquired a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Versant Capital Management Inc acquired a new position in shares of Pembina Pipeline in the fourth quarter valued at $27,000. Finally, Sound Income Strategies LLC bought a new position in Pembina Pipeline in the fourth quarter worth $27,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 0.4 %

NYSE PBA opened at $36.70 on Friday. The company has a market capitalization of $21.31 billion, a PE ratio of 15.17 and a beta of 1.25. The stock has a 50-day simple moving average of $37.38 and a 200 day simple moving average of $39.57. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 12 month low of $32.81 and a 12 month high of $43.44.

Analyst Upgrades and Downgrades

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