Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 14.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 182,040 shares of the pipeline company's stock after selling 31,277 shares during the period. Voya Investment Management LLC's holdings in Pembina Pipeline were worth $6,722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC raised its stake in shares of Pembina Pipeline by 86.5% during the 3rd quarter. Barclays PLC now owns 53,970 shares of the pipeline company's stock worth $2,226,000 after buying an additional 25,031 shares during the period. Franklin Resources Inc. increased its holdings in Pembina Pipeline by 14.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,024,065 shares of the pipeline company's stock worth $44,518,000 after acquiring an additional 127,027 shares in the last quarter. JPMorgan Chase & Co. raised its position in Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company's stock worth $167,000,000 after acquiring an additional 624,958 shares during the period. Versant Capital Management Inc purchased a new position in Pembina Pipeline during the fourth quarter valued at $27,000. Finally, A. D. Beadell Investment Counsel Inc. grew its position in shares of Pembina Pipeline by 2.2% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 86,045 shares of the pipeline company's stock valued at $3,179,000 after purchasing an additional 1,828 shares during the period. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

Pembina Pipeline stock traded down $0.30 during mid-day trading on Monday, reaching $38.78. 171,446 shares of the company were exchanged, compared to its average volume of 1,262,708. Pembina Pipeline Co. has a twelve month low of $34.13 and a twelve month high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The firm's 50-day simple moving average is $38.26 and its two-hundred day simple moving average is $38.56. The firm has a market cap of $22.53 billion, a PE ratio of 16.01 and a beta of 0.89.

Pembina Pipeline Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend was Monday, March 17th. Pembina Pipeline's dividend payout ratio (DPR) is presently 86.76%.

Wall Street Analyst Weigh In

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