Vanguard Group Inc. Boosts Stake in Pembina Pipeline Corp. $PBA

Vanguard Group Inc. raised its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,691,827 shares of the pipeline company’s stock after buying an additional 576,845 shares during the quarter. Vanguard Group Inc. owned about 4.59% of Pembina Pipeline worth $1,079,231,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PBA. Westside Investment Management Inc. boosted its position in shares of Pembina Pipeline by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock valued at $32,000 after acquiring an additional 404 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Pembina Pipeline by 441.2% in the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 750 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in Pembina Pipeline in the third quarter worth $40,000. Mather Group LLC. purchased a new stake in Pembina Pipeline during the third quarter valued at $45,000. Finally, State of Wyoming bought a new position in Pembina Pipeline during the second quarter valued at $58,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA opened at $43.65 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. Pembina Pipeline Corp. has a 12 month low of $34.13 and a 12 month high of $44.60. The company has a market capitalization of $25.36 billion, a price-to-earnings ratio of 21.82 and a beta of 0.68. The firm’s 50-day moving average is $39.82 and its 200 day moving average is $38.93.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PBA shares. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. TD Securities downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Research raised Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.