Skandinaviska Enskilda Banken AB publ Takes $2.18 Million Position in Pembina Pipeline Corp (PBA)

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.

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

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