Fiera Capital Corp Sells 80,588 Shares of Pembina Pipeline Co. (NYSE:PBA)

Fiera Capital Corp decreased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 6.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,115,802 shares of the pipeline company’s stock after selling 80,588 shares during the period. Fiera Capital Corp owned about 0.19% of Pembina Pipeline worth $41,182,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. acquired a new stake in shares of Pembina Pipeline in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC acquired a new stake in Pembina Pipeline in the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new stake in Pembina Pipeline during the 3rd quarter worth about $26,000. Versant Capital Management Inc acquired a new position in shares of Pembina Pipeline during the 4th quarter worth about $27,000. Finally, Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 1.1 %

PBA opened at $36.47 on Thursday. The stock’s fifty day simple moving average is $37.15 and its 200 day simple moving average is $39.55. Pembina Pipeline Co. has a 1-year low of $32.81 and a 1-year high of $43.44. The stock has a market cap of $21.17 billion, a PE ratio of 15.07 and a beta of 1.25. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

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

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.