150,109 Shares in Pembina Pipeline Corp. $PBA Acquired by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. bought a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the third quarter, Holdings Channel.com reports. The fund bought 150,109 shares of the pipeline company’s stock, valued at approximately $6,073,000.

Several other institutional investors also recently bought and sold shares of PBA. Westside Investment Management Inc. grew its holdings in Pembina Pipeline by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 404 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in Pembina Pipeline by 441.2% in the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after buying an additional 750 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Pembina Pipeline during the third quarter worth $40,000. Mather Group LLC. acquired a new position in shares of Pembina Pipeline in the third quarter valued at about $45,000. Finally, State of Wyoming purchased a new position in Pembina Pipeline during the 2nd quarter worth approximately $58,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Pembina Pipeline Price Performance

NYSE:PBA opened at $44.25 on Wednesday. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $44.60. The stock’s fifty day moving average is $40.08 and its two-hundred day moving average is $39.05. The company has a market capitalization of $25.71 billion, a P/E ratio of 22.12 and a beta of 0.68. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PBA. TD Securities downgraded Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, December 16th. Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Pembina Pipeline Company Profile

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.