Tectonic Advisors LLC Has $495,000 Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Tectonic Advisors LLC lifted its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 83.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,388 shares of the pipeline company’s stock after purchasing an additional 6,090 shares during the period. Tectonic Advisors LLC’s holdings in Pembina Pipeline were worth $495,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of PBA. The Manufacturers Life Insurance Company lifted its position in Pembina Pipeline by 71.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company’s stock worth $130,501,000 after acquiring an additional 1,319,709 shares during the last quarter. Intact Investment Management Inc. lifted its position in shares of Pembina Pipeline by 83.2% during the 3rd quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company’s stock worth $81,498,000 after purchasing an additional 897,940 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after purchasing an additional 624,958 shares during the period. Kayne Anderson Capital Advisors LP grew its holdings in Pembina Pipeline by 15.3% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 4,155,198 shares of the pipeline company’s stock valued at $171,360,000 after buying an additional 550,491 shares during the last quarter. Finally, FMR LLC increased its position in Pembina Pipeline by 1,396.8% in the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after buying an additional 510,873 shares during the period. 55.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PBA has been the subject of several research reports. Barclays began coverage on Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Raymond James started coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating on the stock. Finally, TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Stock Up 0.6 %

PBA opened at $36.55 on Thursday. Pembina Pipeline Co. has a fifty-two week low of $32.81 and a fifty-two week high of $43.44. The company has a market capitalization of $21.22 billion, a P/E ratio of 15.10 and a beta of 1.25. 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 firm’s fifty day moving average price is $37.56 and its two-hundred day moving average price is $39.61.

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.