O Shaughnessy Asset Management LLC Trims Position in Pembina Pipeline Co. (NYSE:PBA)

O Shaughnessy Asset Management LLC decreased its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,769 shares of the pipeline company’s stock after selling 649 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Pembina Pipeline were worth $3,793,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in PBA. Vanguard Group Inc. increased its position in shares of Pembina Pipeline by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company’s stock valued at $919,503,000 after buying an additional 770,729 shares during the period. TD Asset Management Inc. raised its position in shares of Pembina Pipeline by 5.4% in the 4th quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company’s stock worth $250,732,000 after acquiring an additional 347,872 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Pembina Pipeline by 0.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company’s stock worth $230,610,000 after acquiring an additional 32,519 shares in the last quarter. Norges Bank purchased a new position in shares of Pembina Pipeline in the 4th quarter valued at approximately $171,860,000. Finally, JPMorgan Chase & Co. boosted 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 valued at $167,000,000 after purchasing an additional 624,958 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Trading Up 0.9 %

Shares of NYSE PBA opened at $40.85 on Thursday. The firm’s 50 day moving average price is $37.77 and its 200-day moving average price is $39.28. Pembina Pipeline Co. has a 52-week low of $33.83 and a 52-week high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The company has a market cap of $23.72 billion, a PE ratio of 16.88 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.4783 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline’s payout ratio is 86.76%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on PBA shares. Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Barclays began coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.