Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 49,700 shares of the pipeline company’s stock, valued at approximately $2,176,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Campbell & CO Investment Adviser LLC acquired a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $223,000. Hartland & Co. LLC acquired a new stake in Pembina Pipeline during the 3rd quarter valued at approximately $448,000. Citadel Advisors LLC lifted its stake in Pembina Pipeline by 135.3% during the 3rd quarter. Citadel Advisors LLC now owns 116,429 shares of the pipeline company’s stock valued at $4,088,000 after acquiring an additional 66,946 shares during the period. Schroder Investment Management Group lifted its stake in Pembina Pipeline by 384.4% during the 3rd quarter. Schroder Investment Management Group now owns 204,437 shares of the pipeline company’s stock valued at $9,028,000 after acquiring an additional 162,230 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Pembina Pipeline by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 158,635 shares of the pipeline company’s stock valued at $5,636,000 after acquiring an additional 5,310 shares during the period. Institutional investors and hedge funds own 42.45% of the company’s stock.
Pembina Pipeline Corp (PBA) traded up $0.24 on Wednesday, hitting $35.07. 361,900 shares of the company traded hands, compared to its average volume of 373,061. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. Pembina Pipeline Corp has a 1 year low of $29.36 and a 1 year high of $36.29. The firm has a market cap of $17,500.89, a PE ratio of 35.18 and a beta of 0.74.
The company also recently announced a nov 17 dividend, which will be paid on Friday, December 15th. Investors of record on Saturday, November 25th will be paid a $0.18 dividend. This represents a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, November 22nd. Pembina Pipeline’s dividend payout ratio is currently 171.72%.
Several research firms recently issued reports on PBA. Macquarie cut shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 29th. Zacks Investment Research cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub cut shares of Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $41.50.
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Pembina Pipeline Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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