Albert D Mason Inc. Sells 300 Shares of Pembina Pipeline Co. (NYSE:PBA)

Albert D Mason Inc. lowered its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 42,647 shares of the pipeline company’s stock after selling 300 shares during the period. Albert D Mason Inc.’s holdings in Pembina Pipeline were worth $1,576,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PBA. Toronto Dominion Bank raised its holdings in Pembina Pipeline by 97.2% during the 2nd quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company’s stock worth $331,439,000 after buying an additional 4,405,792 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of Pembina Pipeline by 56.9% during the second quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock worth $311,142,000 after acquiring an additional 3,043,200 shares during the period. The Manufacturers Life Insurance Company lifted its position in Pembina Pipeline by 71.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,163,711 shares of the pipeline company’s stock valued at $130,501,000 after acquiring an additional 1,319,709 shares in the last quarter. Intact Investment Management Inc. boosted its stake in Pembina Pipeline by 83.2% in the 3rd quarter. Intact Investment Management Inc. now owns 1,976,934 shares of the pipeline company’s stock worth $81,498,000 after purchasing an additional 897,940 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Pembina Pipeline by 18.2% during the 3rd 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 in the last quarter. Institutional investors own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Barclays assumed coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an “overweight” rating on the stock. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Raymond James began coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating for the company. Finally, TD Securities initiated coverage on shares of Pembina Pipeline in a research report on Wednesday. They issued a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Hold” and an average target price of $56.50.

Pembina Pipeline Stock Up 1.1 %

NYSE:PBA opened at $37.47 on Friday. The firm has a market capitalization of $21.75 billion, a price-to-earnings ratio of 15.48 and a beta of 1.25. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. Pembina Pipeline Co. has a twelve month low of $32.81 and a twelve month high of $43.44. The stock’s 50 day moving average price is $38.88 and its two-hundred day moving average price is $39.65.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.69 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a yield of 7.37%. The ex-dividend date was Monday, December 16th. Pembina Pipeline’s dividend payout ratio is 80.58%.

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.