Lincluden Management Ltd. Sells 22,011 Shares of Pembina Pipeline Co. (NYSE:PBA)

Lincluden Management Ltd. lowered its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 771,535 shares of the pipeline company’s stock after selling 22,011 shares during the period. Pembina Pipeline makes up about 3.4% of Lincluden Management Ltd.’s investment portfolio, making the stock its 10th largest holding. Lincluden Management Ltd. owned approximately 0.13% of Pembina Pipeline worth $28,505,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PBA. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline in the third quarter worth approximately $26,000. Prospera Private Wealth LLC acquired a new position in Pembina Pipeline in the 3rd quarter worth approximately $26,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc acquired a new stake in Pembina Pipeline during the 4th quarter valued at $27,000. Finally, Blue Trust Inc. lifted its holdings in shares of Pembina Pipeline by 223.8% in the third quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 508 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $36.06 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. The business’s 50-day moving average price is $36.66 and its two-hundred day moving average price is $39.43. The company has a market capitalization of $20.93 billion, a P/E ratio of 14.90 and a beta of 1.25.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PBA shares. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays initiated coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. Finally, TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.50.

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.