Eastern Bank bought a new stake in Pembina Pipeline Co. (NYSE:PBA – Free Report) (TSE:PPL) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 782 shares of the pipeline company’s stock, valued at approximately $29,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in Pembina Pipeline in the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in shares of Pembina Pipeline in the 3rd quarter worth $26,000. Safe Harbor Fiduciary LLC acquired a new stake in Pembina Pipeline in the 3rd quarter valued at $26,000. Versant Capital Management Inc bought a new stake in Pembina Pipeline during the 4th quarter valued at $27,000. Finally, Dunhill Financial LLC acquired a new position in Pembina Pipeline during the third quarter worth $28,000. 55.37% of the stock is owned by institutional investors.
Pembina Pipeline Stock Performance
PBA stock opened at $36.93 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The firm has a market cap of $21.44 billion, a PE ratio of 15.26 and a beta of 1.25. The business has a 50 day moving average of $39.04 and a 200-day moving average of $39.68. Pembina Pipeline Co. has a 12-month low of $32.81 and a 12-month high of $43.44.
Pembina Pipeline Increases Dividend
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on PBA. TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday. They set a “buy” rating for the company. Barclays initiated coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. Wells Fargo & Company lowered Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Finally, Raymond James initiated coverage on Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and an average target price of $56.50.
Check Out Our Latest Research Report on PBA
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.
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