Achmea Investment Management B.V. Has $15.61 Million Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Achmea Investment Management B.V. grew its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 26.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 422,838 shares of the pipeline company’s stock after acquiring an additional 89,392 shares during the quarter. Achmea Investment Management B.V.’s holdings in Pembina Pipeline were worth $15,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in PBA. Prospera Private Wealth LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $26,000. Safe Harbor Fiduciary LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $26,000. Versant Capital Management Inc bought a new stake in shares of Pembina Pipeline during the 4th quarter worth approximately $27,000. Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline during the 4th quarter worth approximately $27,000. Finally, Dunhill Financial LLC bought a new stake in shares of Pembina Pipeline during the 3rd quarter worth approximately $28,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 1.3 %

PBA stock opened at $38.80 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The stock has a market capitalization of $22.53 billion, a price-to-earnings ratio of 16.03 and a beta of 1.26. The business’s fifty day moving average price is $36.94 and its two-hundred day moving average price is $39.36. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a yield of 4.93%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s payout ratio is 86.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Barclays assumed coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. TD Securities began coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.