Alberta Investment Management Corp Sells 86,002 Shares of Pembina Pipeline Co. (NYSE:PBA)

Alberta Investment Management Corp decreased its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,748,305 shares of the pipeline company’s stock after selling 86,002 shares during the quarter. Alberta Investment Management Corp’s holdings in Pembina Pipeline were worth $64,562,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PDT Partners LLC bought a new position in Pembina Pipeline in the 3rd quarter valued at $1,329,000. Van ECK Associates Corp raised its position in shares of Pembina Pipeline by 8.0% during the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company’s stock worth $8,335,000 after acquiring an additional 16,762 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock worth $167,000,000 after acquiring an additional 624,958 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Pembina Pipeline by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock worth $527,000 after acquiring an additional 860 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Pembina Pipeline by 32.3% during the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock worth $22,786,000 after acquiring an additional 150,689 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 0.3 %

NYSE:PBA opened at $36.38 on Wednesday. Pembina Pipeline Co. has a 1 year low of $33.60 and a 1 year high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock has a market cap of $21.12 billion, a price-to-earnings ratio of 15.03 and a beta of 1.25. The stock has a 50-day moving average price of $36.87 and a two-hundred day moving average price of $39.50.

Analysts Set New Price Targets

PBA has been the subject of a number of recent research reports. Barclays initiated coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating for the company. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set 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 MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $56.50.

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.