Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Heronetta Management L.P.

Heronetta Management L.P. boosted its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 197,698 shares of the pipeline company’s stock after buying an additional 2,000 shares during the quarter. Pembina Pipeline accounts for about 4.7% of Heronetta Management L.P.’s portfolio, making the stock its 8th largest holding. Heronetta Management L.P.’s holdings in Pembina Pipeline were worth $7,305,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PBA. Kingsview Wealth Management LLC boosted its position in Pembina Pipeline by 4.1% during the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after purchasing an additional 273 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Pembina Pipeline by 11.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock worth $108,000 after purchasing an additional 308 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its position in Pembina Pipeline by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after purchasing an additional 334 shares in the last quarter. Gold Investment Management Ltd. boosted its position in Pembina Pipeline by 4.2% during the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock worth $453,000 after purchasing an additional 439 shares in the last quarter. Finally, MONECO Advisors LLC boosted its position in Pembina Pipeline by 9.9% during the fourth quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company’s stock worth $220,000 after purchasing an additional 537 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

NYSE:PBA opened at $37.71 on Thursday. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. 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 $21.89 billion, a PE ratio of 15.58 and a beta of 1.25. The stock has a 50 day moving average price of $36.79 and a 200 day moving average price of $39.39.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 5.07%. Pembina Pipeline’s dividend payout ratio is presently 86.30%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays assumed coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Pembina Pipeline has an average rating of “Hold” and an average target price of $56.50.

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.