Barclays PLC Buys 25,031 Shares of Pembina Pipeline Co. (NYSE:PBA)

Barclays PLC boosted its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 86.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,970 shares of the pipeline company’s stock after purchasing an additional 25,031 shares during the quarter. Barclays PLC’s holdings in Pembina Pipeline were worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PBA. Toronto Dominion Bank boosted its holdings in shares of Pembina Pipeline by 97.2% in the 2nd quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock valued at $331,439,000 after buying an additional 4,405,792 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Pembina Pipeline by 56.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock valued at $311,142,000 after purchasing an additional 3,043,200 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Pembina Pipeline by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company’s stock worth $264,315,000 after purchasing an additional 481,285 shares in the last quarter. TD Asset Management Inc grew its stake in Pembina Pipeline by 0.9% during the 2nd quarter. TD Asset Management Inc now owns 4,759,869 shares of the pipeline company’s stock worth $176,571,000 after buying an additional 44,441 shares during the last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its position in Pembina Pipeline by 6.9% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,542,997 shares of the pipeline company’s stock valued at $168,512,000 after buying an additional 291,486 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. UBS Group initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating on the stock. Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. Raymond James began coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating on the stock. Finally, Citigroup boosted their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Pembina Pipeline presently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Trading Up 0.9 %

Shares of Pembina Pipeline stock opened at $36.89 on Thursday. The stock has a market cap of $21.42 billion, a PE ratio of 15.24 and a beta of 1.24. The firm has a fifty day moving average price of $40.75 and a 200 day moving average price of $39.68. Pembina Pipeline Co. has a 1 year low of $32.81 and a 1 year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 7.48%. The ex-dividend date is Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s payout ratio is 84.30%.

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.