PDT Partners LLC Purchases 40,327 Shares of Pembina Pipeline Co. (NYSE:PBA)

PDT Partners LLC raised its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 125.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,547 shares of the pipeline company's stock after acquiring an additional 40,327 shares during the quarter. PDT Partners LLC's holdings in Pembina Pipeline were worth $2,681,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Northern Trust Corp boosted its position in shares of Pembina Pipeline by 46.5% during the fourth quarter. Northern Trust Corp now owns 425,745 shares of the pipeline company's stock worth $15,731,000 after acquiring an additional 135,177 shares during the last quarter. Prosperity Consulting Group LLC bought a new position in shares of Pembina Pipeline during the 4th quarter valued at about $269,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Pembina Pipeline during the fourth quarter valued at about $9,082,000. Syon Capital LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter worth about $284,000. Finally, Yaupon Capital Management LP purchased a new stake in shares of Pembina Pipeline in the fourth quarter worth about $9,027,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on PBA. TD Securities initiated coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a "buy" rating on the stock. Citigroup upgraded shares of Pembina Pipeline from a "neutral" rating to a "buy" rating in a research report on Monday, March 10th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

Pembina Pipeline Trading Up 1.4 %

Shares of NYSE:PBA traded up $0.54 during trading on Friday, hitting $39.09. The company had a trading volume of 812,082 shares, compared to its average volume of 1,264,782. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 16.15 and a beta of 0.89. 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 fifty day simple moving average of $38.26 and a two-hundred day simple moving average of $38.62. Pembina Pipeline Co. has a one year low of $34.13 and a one year high of $43.44.

Pembina Pipeline Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's payout ratio is 86.76%.

Pembina Pipeline 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.