Massachusetts Financial Services Co. MA Decreases Holdings in Pembina Pipeline Co. (NYSE:PBA)

Massachusetts Financial Services Co. MA reduced its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 805,011 shares of the pipeline company’s stock after selling 14,191 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Pembina Pipeline were worth $29,745,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. Versant Capital Management Inc purchased a new position in Pembina Pipeline during the 4th quarter worth $27,000. Sound Income Strategies LLC purchased a new stake in shares of Pembina Pipeline during the fourth quarter worth about $27,000. Dunhill Financial LLC acquired a new position in shares of Pembina Pipeline during the third quarter valued at about $28,000. Eastern Bank purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at approximately $29,000. Finally, Principal Securities Inc. boosted its stake in Pembina Pipeline by 2,597.1% in the 4th quarter. Principal Securities Inc. now owns 917 shares of the pipeline company’s stock worth $34,000 after purchasing an additional 883 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Pembina Pipeline Price Performance

Shares of PBA opened at $37.17 on Monday. The company has a market cap of $21.58 billion, a P/E ratio of 15.36 and a beta of 0.89. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average price is $37.84 and its 200 day moving average price is $39.25.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 5.15%. The ex-dividend date was Monday, March 17th. Pembina Pipeline’s 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.