Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 5.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,565 shares of the pipeline company’s stock after selling 1,787 shares during the quarter. Atria Investments Inc’s holdings in Pembina Pipeline were worth $1,219,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its stake in shares of Pembina Pipeline by 97.2% during the 2nd quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock worth $331,439,000 after purchasing an additional 4,405,792 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Pembina Pipeline by 56.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock worth $311,142,000 after purchasing an additional 3,043,200 shares during the period. Intact Investment Management Inc. grew its stake in shares of Pembina Pipeline by 83.2% during the 3rd quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company’s stock worth $81,498,000 after purchasing an additional 897,940 shares during the period. ClearBridge Investments Ltd grew its stake in shares of Pembina Pipeline by 12.3% during the 1st quarter. ClearBridge Investments Ltd now owns 7,173,059 shares of the pipeline company’s stock worth $253,496,000 after purchasing an additional 784,814 shares during the period. Finally, 1832 Asset Management L.P. grew its stake in shares of Pembina Pipeline by 93.7% during the 1st quarter. 1832 Asset Management L.P. now owns 1,374,359 shares of the pipeline company’s stock worth $48,570,000 after purchasing an additional 664,843 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PBA shares. UBS Group started coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating on the stock. Raymond James assumed coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, Citigroup lifted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Down 0.4 %

Shares of NYSE:PBA opened at $41.64 on Friday. The firm’s 50-day moving average is $41.74 and its two-hundred day moving average is $39.06. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline Co. has a 1 year low of $31.51 and a 1 year high of $43.44. The firm has a market capitalization of $24.17 billion, a PE ratio of 17.21 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a $0.69 dividend. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a yield of 6.63%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is currently 84.30%.

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.