Guardian Capital LP trimmed its position in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,558,387 shares of the pipeline company’s stock after selling 107,503 shares during the quarter. Pembina Pipeline makes up approximately 2.4% of Guardian Capital LP’s holdings, making the stock its 13th largest position. Guardian Capital LP owned 0.91% of Pembina Pipeline worth $159,518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Guardian Capital Advisors LP grew its stake in Pembina Pipeline by 121.3% during the 3rd quarter. Guardian Capital Advisors LP now owns 216,563 shares of the pipeline company’s stock worth $8,970,000 after buying an additional 118,719 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Pembina Pipeline by 40.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 565,820 shares of the pipeline company’s stock worth $19,870,000 after buying an additional 161,893 shares during the last quarter. Cohen & Steers Inc. grew its stake in Pembina Pipeline by 44.7% during the 3rd quarter. Cohen & Steers Inc. now owns 5,102,440 shares of the pipeline company’s stock worth $178,615,000 after buying an additional 1,575,125 shares during the last quarter. Castleton Investment Management LLC grew its stake in Pembina Pipeline by 32.1% during the 3rd quarter. Castleton Investment Management LLC now owns 144,000 shares of the pipeline company’s stock worth $5,055,000 after buying an additional 35,000 shares during the last quarter. Finally, AMP Capital Investors Ltd grew its stake in Pembina Pipeline by 31.6% during the 3rd quarter. AMP Capital Investors Ltd now owns 837,854 shares of the pipeline company’s stock worth $29,330,000 after buying an additional 201,261 shares during the last quarter. Institutional investors and hedge funds own 42.45% of the company’s stock.

Shares of Pembina Pipeline Corp (PBA) traded up $0.01 during mid-day trading on Tuesday, reaching $35.19. The company’s stock had a trading volume of 384,600 shares, compared to its average volume of 373,676. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. Pembina Pipeline Corp has a one year low of $30.32 and a one year high of $36.29. The firm has a market cap of $17,676.75, a price-to-earnings ratio of 35.53 and a beta of 0.74.

The firm also recently declared a dec 17 dividend, which will be paid on Monday, January 15th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 28th. This represents a yield of 4.84%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 171.72%.

A number of research analysts recently commented on the company. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 29th. Zacks Investment Research lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Finally, BidaskClub lowered Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $39.00.

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

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