Natixis Has $3.23 Million Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Natixis grew its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 14.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,472 shares of the pipeline company's stock after buying an additional 10,889 shares during the period. Natixis' holdings in Pembina Pipeline were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of Nova Scotia Trust Co. lifted its holdings in shares of Pembina Pipeline by 20.9% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock valued at $12,466,000 after purchasing an additional 58,366 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Pembina Pipeline by 34.6% during the 4th quarter. First Trust Advisors LP now owns 161,317 shares of the pipeline company's stock valued at $5,959,000 after purchasing an additional 41,425 shares in the last quarter. HITE Hedge Asset Management LLC bought a new position in shares of Pembina Pipeline during the 4th quarter valued at about $16,028,000. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Pembina Pipeline by 3.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 691,468 shares of the pipeline company's stock valued at $25,515,000 after purchasing an additional 20,534 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Pembina Pipeline by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company's stock valued at $365,000 after purchasing an additional 430 shares in the last quarter. Institutional investors own 55.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Securities assumed coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a "buy" rating on the stock. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Up 0.4 %

NYSE PBA traded up $0.15 during trading on Friday, hitting $38.51. The stock had a trading volume of 510,982 shares, compared to its average volume of 1,272,313. The company has a market capitalization of $22.37 billion, a PE ratio of 15.91 and a beta of 0.89. The company's 50-day moving average price is $38.02 and its two-hundred day moving average price is $38.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a 12 month low of $34.13 and a 12 month high of $43.44.

Pembina Pipeline Cuts Dividend

The business 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 annualized dividend and a dividend yield of 4.97%. The ex-dividend date was Monday, March 17th. Pembina Pipeline's dividend payout ratio (DPR) is 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.