Quantbot Technologies LP Boosts Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Quantbot Technologies LP raised its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 149.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 66,893 shares of the pipeline company’s stock after acquiring an additional 40,056 shares during the period. Quantbot Technologies LP’s holdings in Pembina Pipeline were worth $2,472,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PBA. Prospera Private Wealth LLC purchased a new stake in Pembina Pipeline during the third quarter valued at about $26,000. Safe Harbor Fiduciary LLC bought a new position in shares of Pembina Pipeline during the third quarter valued at about $26,000. Versant Capital Management Inc bought a new position in shares of Pembina Pipeline during the fourth quarter valued at about $27,000. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline during the fourth quarter valued at about $27,000. Finally, Dunhill Financial LLC bought a new position in shares of Pembina Pipeline during the third quarter valued at about $28,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Trading Down 0.7 %

NYSE:PBA opened at $39.69 on Friday. The company’s 50 day moving average price is $37.28 and its 200-day moving average price is $39.31. Pembina Pipeline Co. has a 52 week low of $33.83 and a 52 week high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The stock has a market cap of $23.04 billion, a price-to-earnings ratio of 16.40 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.4783 dividend. This represents a $1.91 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Monday, March 17th. Pembina Pipeline’s dividend payout ratio is currently 86.76%.

Analysts Set New Price Targets

Several brokerages have recently commented on PBA. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Citigroup raised shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating for the company. 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $56.50.

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.