Dimensional Fund Advisors LP Reduces Holdings in Pembina Pipeline Co. (NYSE:PBA)

Dimensional Fund Advisors LP reduced its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,175,936 shares of the pipeline company's stock after selling 9,253 shares during the quarter. Dimensional Fund Advisors LP owned 0.20% of Pembina Pipeline worth $43,449,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Pembina Pipeline during the 4th quarter valued at $171,860,000. Arrowstreet Capital Limited Partnership acquired a new position in Pembina Pipeline during the 4th quarter worth approximately $73,073,000. Hillsdale Investment Management Inc. lifted its stake in Pembina Pipeline by 338.7% in the 4th quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock valued at $47,598,000 after purchasing an additional 995,735 shares during the last quarter. AGF Management Ltd. grew its stake in shares of Pembina Pipeline by 612.7% during the fourth quarter. AGF Management Ltd. now owns 1,080,853 shares of the pipeline company's stock worth $40,025,000 after buying an additional 929,206 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Pembina Pipeline by 30.4% during the fourth quarter. Geode Capital Management LLC now owns 3,539,660 shares of the pipeline company's stock worth $133,449,000 after buying an additional 824,232 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. TD Securities assumed 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Pembina Pipeline Price Performance

Shares of PBA stock traded up $0.45 on Wednesday, reaching $39.45. The company's stock had a trading volume of 809,762 shares, compared to its average volume of 1,262,274. The company has a market capitalization of $22.92 billion, a P/E ratio of 16.30 and a beta of 0.81. 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's 50 day simple moving average is $38.37 and its 200-day simple moving average is $38.54. Pembina Pipeline Co. has a 12-month low of $34.13 and a 12-month high of $43.44.

Pembina Pipeline Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.4783 per share. This represents a $1.91 dividend on an annualized basis and a yield of 4.85%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's payout ratio is currently 86.76%.

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.