TD Waterhouse Canada Inc. Sells 78,961 Shares of Pembina Pipeline Co. (NYSE:PBA)

TD Waterhouse Canada Inc. cut its position in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,045,350 shares of the pipeline company's stock after selling 78,961 shares during the quarter. TD Waterhouse Canada Inc. owned approximately 0.18% of Pembina Pipeline worth $38,568,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in shares of Pembina Pipeline by 8.0% in the fourth quarter. Van ECK Associates Corp now owns 225,684 shares of the pipeline company's stock valued at $8,335,000 after acquiring an additional 16,762 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Pembina Pipeline by 18.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock valued at $167,000,000 after purchasing an additional 624,958 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Pembina Pipeline by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock valued at $846,000 after purchasing an additional 348 shares during the last quarter. Jennison Associates LLC increased its position in shares of Pembina Pipeline by 32.3% during the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company's stock valued at $22,786,000 after purchasing an additional 150,689 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. boosted its holdings in shares of Pembina Pipeline by 20.9% in the 4th quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock worth $12,466,000 after buying an additional 58,366 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Stock Performance

Shares of PBA stock traded up $0.15 during trading on Friday, reaching $38.51. 510,982 shares of the company's stock traded hands, compared to its average volume of 1,270,124. The firm's 50-day moving average is $38.02 and its 200 day moving average is $38.76. The company has a market capitalization of $22.36 billion, a P/E ratio of 15.91 and a beta of 0.89. Pembina Pipeline Co. has a 1 year low of $34.13 and a 1 year 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 business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.4783 dividend. This represents a $1.91 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.

Analyst Ratings Changes

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

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.