The Manufacturers Life Insurance Company Decreases Stock Position in Pembina Pipeline Co. (NYSE:PBA)

The Manufacturers Life Insurance Company decreased its holdings in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 46.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,687,826 shares of the pipeline company's stock after selling 1,475,885 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.29% of Pembina Pipeline worth $62,444,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc acquired a new stake in shares of Pembina Pipeline in the 4th quarter worth about $27,000. Sound Income Strategies LLC bought a new position in shares of Pembina Pipeline in the fourth quarter valued at approximately $27,000. Eastern Bank purchased a new position in shares of Pembina Pipeline during the fourth quarter valued at approximately $29,000. Principal Securities Inc. grew its holdings in Pembina Pipeline by 2,597.1% during the fourth quarter. Principal Securities Inc. now owns 917 shares of the pipeline company's stock worth $34,000 after buying an additional 883 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in Pembina Pipeline by 880.0% during the fourth quarter. Venturi Wealth Management LLC now owns 980 shares of the pipeline company's stock worth $36,000 after buying an additional 880 shares in the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock traded up $0.54 during trading hours on Friday, hitting $39.09. 812,082 shares of the company's stock traded hands, compared to its average volume of 1,264,782. The stock has a market capitalization of $22.71 billion, a price-to-earnings ratio of 16.15 and a beta of 0.89. Pembina Pipeline Co. has a 12-month low of $34.13 and a 12-month high of $43.44. 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 200-day simple moving average of $38.62.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.4783 per share. The ex-dividend date was Monday, March 17th. This represents a $1.91 dividend on an annualized basis and a yield of 4.89%. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.

Analyst Upgrades and Downgrades

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

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.