Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA raised its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 269,138 shares of the pipeline company’s stock after buying an additional 3,127 shares during the period. Pictet Asset Management Holding SA’s holdings in Pembina Pipeline were worth $9,939,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PBA. MassMutual Private Wealth & Trust FSB grew its stake in shares of Pembina Pipeline by 11.7% during the 4th 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. PNC Financial Services Group Inc. grew its position in Pembina Pipeline by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company’s stock valued at $846,000 after buying an additional 348 shares during the period. MONECO Advisors LLC increased its holdings in Pembina Pipeline by 9.9% in the fourth quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company’s stock valued at $220,000 after buying an additional 537 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Pembina Pipeline in the third quarter worth about $26,000. Finally, JCIC Asset Management Inc. boosted its stake in shares of Pembina Pipeline by 16.1% during the 4th quarter. JCIC Asset Management Inc. now owns 4,808 shares of the pipeline company’s stock worth $178,000 after acquiring an additional 668 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PBA. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Barclays began coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. Finally, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research report on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Stock Up 0.9 %

Pembina Pipeline stock opened at $40.85 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 firm has a 50 day moving average price of $37.77 and a 200 day moving average price of $39.28. Pembina Pipeline Co. has a fifty-two week low of $33.83 and a fifty-two week high of $43.44. The company has a market capitalization of $23.72 billion, a PE ratio of 16.88 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a $0.4783 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.68%. Pembina Pipeline’s dividend payout ratio is presently 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.