Barclays PLC Has $7.66 Million Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Barclays PLC increased its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 284.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 207,306 shares of the pipeline company's stock after buying an additional 153,336 shares during the period. Barclays PLC's holdings in Pembina Pipeline were worth $7,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in Pembina Pipeline by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock valued at $8,335,000 after buying an additional 16,762 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Pembina Pipeline by 18.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after acquiring an additional 624,958 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Pembina Pipeline by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock valued at $846,000 after buying an additional 348 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Pembina Pipeline by 32.3% in the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after purchasing an additional 150,689 shares in the last quarter. Finally, Korea Investment CORP grew its stake in Pembina Pipeline by 32.7% during the 4th quarter. Korea Investment CORP now owns 440,818 shares of the pipeline company's stock worth $16,279,000 after buying an additional 108,529 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Securities began coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a "buy" rating for the company. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a report on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Price Performance

Shares of PBA traded down $0.09 during mid-day trading on Tuesday, reaching $38.76. The company had a trading volume of 61,729 shares, compared to its average volume of 1,264,333. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The company has a market capitalization of $22.51 billion, a P/E ratio of 15.99 and a beta of 0.89. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44. The company's 50-day moving average is $38.07 and its 200-day moving average is $38.68.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.4783 dividend. This represents a $1.91 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's payout ratio is presently 86.76%.

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.