Candriam S.C.A. Reduces Holdings in Pembina Pipeline Co. (NYSE:PBA)

Candriam S.C.A. decreased its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 6.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 17,119 shares of the pipeline company’s stock after selling 1,103 shares during the period. Candriam S.C.A.’s holdings in Pembina Pipeline were worth $632,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Kingsview Wealth Management LLC grew its stake in shares of 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 acquiring an additional 273 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of 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 during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of 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 during the period. MONECO Advisors LLC lifted its holdings in shares of 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 during the period. Finally, Larson Financial Group LLC lifted its holdings in shares of Pembina Pipeline by 67.6% during the third quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 541 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 1.7 %

Shares of NYSE:PBA opened at $38.52 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 capitalization of $22.36 billion, a PE ratio of 15.92 and a beta of 1.26. The business has a 50 day moving average of $36.87 and a two-hundred day moving average of $39.37. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is presently 86.76%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PBA. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday. TD Securities began coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Barclays initiated coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy” and a consensus target price of $56.50.

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.