Kayne Anderson Capital Advisors LP Has $120.35 Million Stock Position in Pembina Pipeline Corp. $PBA

Kayne Anderson Capital Advisors LP reduced its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 17.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,208,500 shares of the pipeline company’s stock after selling 690,501 shares during the quarter. Pembina Pipeline accounts for 2.8% of Kayne Anderson Capital Advisors LP’s holdings, making the stock its 12th biggest holding. Kayne Anderson Capital Advisors LP owned approximately 0.55% of Pembina Pipeline worth $120,351,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Pembina Pipeline by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company’s stock worth $1,011,833,000 after purchasing an additional 409,379 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Pembina Pipeline by 5.0% during the 2nd quarter. TD Asset Management Inc now owns 7,298,690 shares of the pipeline company’s stock worth $273,494,000 after buying an additional 347,854 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Pembina Pipeline by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock worth $283,770,000 after buying an additional 3,108,920 shares during the last quarter. Scotia Capital Inc. lifted its position in shares of Pembina Pipeline by 5.2% during the 1st quarter. Scotia Capital Inc. now owns 5,230,781 shares of the pipeline company’s stock worth $208,856,000 after buying an additional 260,804 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Pembina Pipeline by 136.7% in the first quarter. The Manufacturers Life Insurance Company now owns 3,995,460 shares of the pipeline company’s stock valued at $160,681,000 after purchasing an additional 2,307,634 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Trading Up 1.5%

Shares of Pembina Pipeline stock opened at $37.81 on Thursday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The stock has a 50 day moving average price of $38.88 and a two-hundred day moving average price of $37.94. The stock has a market capitalization of $21.97 billion, a PE ratio of 17.75 and a beta of 0.75.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PBA. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pembina Pipeline in a research note on Wednesday, October 8th. Jefferies Financial Group cut Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Wednesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Finally, Wall Street Zen cut Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has an average rating of “Moderate Buy”.

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.