Susquehanna Fundamental Investments LLC Acquires New Holdings in Pembina Pipeline Co. (NYSE:PBA)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 245,800 shares of the pipeline company's stock, valued at approximately $9,082,000.

Other hedge funds have also bought and sold shares of the company. Van ECK Associates Corp boosted its stake in shares of Pembina Pipeline by 8.0% during the 4th quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock worth $8,335,000 after purchasing an additional 16,762 shares during the period. JPMorgan Chase & Co. lifted its stake in Pembina Pipeline by 18.2% in the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after purchasing an additional 624,958 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Pembina Pipeline by 1.5% during the fourth 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 period. Jennison Associates LLC grew its stake in shares of Pembina Pipeline by 32.3% during the fourth quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after buying an additional 150,689 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. grew its stake in shares of Pembina Pipeline by 20.9% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock valued at $12,466,000 after buying an additional 58,366 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

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

Pembina Pipeline Trading Up 1.4 %

Shares of NYSE PBA traded up $0.54 during trading hours on Friday, reaching $39.09. The stock had a trading volume of 812,082 shares, compared to its average volume of 1,267,027. The business's fifty day moving average price is $38.26 and its two-hundred day moving average price is $38.59. The firm has a market cap of $22.71 billion, a price-to-earnings ratio of 16.15 and a beta of 0.89. Pembina Pipeline Co. has a 52-week low of $34.13 and a 52-week high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Cuts Dividend

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