Pembina Pipeline Co. (NYSE:PBA) Position Lifted by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in Pembina Pipeline Co. (NYSE:PBAFree Report) (TSE:PPL) by 9.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 879,916 shares of the pipeline company’s stock after buying an additional 74,723 shares during the period. Massachusetts Financial Services Co. MA owned 0.16% of Pembina Pipeline worth $26,450,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Harbour Investments Inc. grew its position in Pembina Pipeline by 36.6% in the 2nd quarter. Harbour Investments Inc. now owns 1,346 shares of the pipeline company’s stock valued at $42,000 after buying an additional 361 shares in the last quarter. Advisor Partners II LLC boosted its holdings in shares of Pembina Pipeline by 4.8% in the first quarter. Advisor Partners II LLC now owns 8,437 shares of the pipeline company’s stock worth $273,000 after buying an additional 390 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Pembina Pipeline by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company’s stock worth $1,143,000 after buying an additional 438 shares during the period. Teamwork Financial Advisors LLC boosted its holdings in shares of Pembina Pipeline by 5.3% in the third quarter. Teamwork Financial Advisors LLC now owns 9,129 shares of the pipeline company’s stock worth $274,000 after buying an additional 462 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of Pembina Pipeline by 1.2% in the third quarter. First Trust Advisors LP now owns 42,459 shares of the pipeline company’s stock worth $1,284,000 after buying an additional 504 shares during the period. Institutional investors own 53.86% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PBA. TheStreet lowered shares of Pembina Pipeline from a “b-” rating to a “c” rating in a research report on Thursday, November 2nd. StockNews.com lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Saturday, January 20th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $51.00.

Check Out Our Latest Research Report on Pembina Pipeline

Pembina Pipeline Price Performance

Shares of PBA opened at $33.57 on Friday. The firm has a market cap of $18.44 billion, a PE ratio of 20.85, a PEG ratio of 5.05 and a beta of 1.21. The firm’s 50 day moving average price is $34.02 and its 200 day moving average price is $32.07. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.50 and a current ratio of 0.68. Pembina Pipeline Co. has a twelve month low of $28.15 and a twelve month high of $35.38.

About Pembina Pipeline

(Free Report)

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 2.8 millions of barrels of oil equivalent per day, the ground storage capacity of 11 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.

See Also

Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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