Aviva PLC Raises Holdings in Pembina Pipeline Co. (NYSE:PBA)

Aviva PLC boosted its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 8.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 347,244 shares of the pipeline company’s stock after buying an additional 26,235 shares during the period. Aviva PLC’s holdings in Pembina Pipeline were worth $12,804,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its holdings in Pembina Pipeline by 1,396.8% during the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock valued at $22,573,000 after buying an additional 510,873 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Pembina Pipeline by 11.0% during the third quarter. HighTower Advisors LLC now owns 24,428 shares of the pipeline company’s stock valued at $1,007,000 after acquiring an additional 2,424 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Pembina Pipeline by 293.2% during the third quarter. Janus Henderson Group PLC now owns 179,615 shares of the pipeline company’s stock worth $7,413,000 after purchasing an additional 133,939 shares during the period. Quantinno Capital Management LP grew its stake in shares of Pembina Pipeline by 36.7% in the third quarter. Quantinno Capital Management LP now owns 21,243 shares of the pipeline company’s stock worth $876,000 after purchasing an additional 5,706 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Pembina Pipeline during the 3rd quarter valued at about $391,000. Institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

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

Pembina Pipeline Price Performance

PBA opened at $36.39 on Tuesday. Pembina Pipeline Co. has a 12-month low of $33.83 and a 12-month high of $43.44. The company has a market cap of $21.13 billion, a price-to-earnings ratio of 15.04 and a beta of 0.89. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock has a fifty day simple moving average of $37.83 and a two-hundred day simple moving average of $39.22.

Pembina Pipeline Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.4783 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 5.26%. Pembina Pipeline’s dividend payout ratio (DPR) is currently 86.76%.

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.