Deutsche Bank AG Has $526.45 Million Position in Pembina Pipeline Co. (NYSE:PBA)

Deutsche Bank AG lifted its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,247,662 shares of the pipeline company’s stock after purchasing an additional 413,373 shares during the quarter. Deutsche Bank AG’s holdings in Pembina Pipeline were worth $526,451,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PBA. Vanguard Group Inc. raised its position in Pembina Pipeline by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company’s stock worth $919,503,000 after purchasing an additional 770,729 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Pembina Pipeline by 5.4% during the fourth quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company’s stock valued at $250,732,000 after acquiring an additional 347,872 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Pembina Pipeline by 0.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company’s stock valued at $230,610,000 after acquiring an additional 32,519 shares during the period. Scotia Capital Inc. grew its stake in Pembina Pipeline by 1.7% during the fourth quarter. Scotia Capital Inc. now owns 4,969,977 shares of the pipeline company’s stock worth $183,596,000 after buying an additional 85,121 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Pembina Pipeline in the fourth quarter valued at approximately $171,860,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. TD Securities began coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Pembina Pipeline Price Performance

NYSE PBA opened at $39.45 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The stock has a market cap of $22.92 billion, a price-to-earnings ratio of 16.30 and a beta of 0.81. The business has a 50 day simple moving average of $38.38 and a 200 day simple moving average of $38.54. Pembina Pipeline Co. has a 52-week low of $34.13 and a 52-week high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.4783 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.91 annualized dividend and a yield of 4.85%. Pembina Pipeline’s dividend payout ratio is currently 86.76%.

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.