Pembina Pipeline Co. (NYSE:PBA) Stock Position Increased by TD Asset Management Inc.

TD Asset Management Inc. increased its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,789,722 shares of the pipeline company’s stock after buying an additional 347,872 shares during the quarter. TD Asset Management Inc. owned about 1.17% of Pembina Pipeline worth $250,732,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kingsview Wealth Management LLC raised its position in Pembina Pipeline by 4.1% in the third quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after acquiring an additional 273 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Pembina Pipeline by 11.7% in 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 in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Pembina Pipeline by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company’s stock worth $846,000 after purchasing an additional 348 shares in the last quarter. MONECO Advisors LLC lifted its stake in Pembina Pipeline by 9.9% during the fourth quarter. MONECO Advisors LLC now owns 5,954 shares of the pipeline company’s stock valued at $220,000 after purchasing an additional 537 shares during the last quarter. Finally, Larson Financial Group LLC boosted its holdings in Pembina Pipeline by 67.6% during the third quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock worth $55,000 after buying an additional 541 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PBA. Citigroup raised Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Barclays assumed coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. 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 began coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average price target of $56.50.

Pembina Pipeline Stock Performance

Shares of PBA stock opened at $40.17 on Tuesday. The stock’s fifty day simple moving average is $37.36 and its 200-day simple moving average is $39.30. The company has a market capitalization of $23.32 billion, a price-to-earnings ratio of 16.60 and a beta of 1.26. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a 1-year low of $33.83 and a 1-year high of $43.44.

Pembina Pipeline Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s dividend payout ratio (DPR) is 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.