Addenda Capital Inc. trimmed its stake in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 891,416 shares of the pipeline company’s stock after selling 24,935 shares during the quarter. Pembina Pipeline accounts for about 2.2% of Addenda Capital Inc.’s holdings, making the stock its 12th largest holding. Addenda Capital Inc.’s holdings in Pembina Pipeline were worth $32,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. Schroder Investment Management Group lifted its holdings in shares of Pembina Pipeline by 0.7% during the second quarter. Schroder Investment Management Group now owns 42,207 shares of the pipeline company’s stock worth $1,811,000 after buying an additional 275 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Pembina Pipeline by 7.5% during the second quarter. HighTower Advisors LLC now owns 8,313 shares of the pipeline company’s stock worth $276,000 after buying an additional 583 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Pembina Pipeline by 5.4% during the second quarter. Stifel Financial Corp now owns 17,661 shares of the pipeline company’s stock worth $584,000 after buying an additional 909 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its holdings in shares of Pembina Pipeline by 7.4% during the second quarter. Ontario Teachers Pension Plan Board now owns 20,113 shares of the pipeline company’s stock worth $668,000 after buying an additional 1,390 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Pembina Pipeline by 8.4% during the second quarter. Ameriprise Financial Inc. now owns 18,257 shares of the pipeline company’s stock worth $605,000 after buying an additional 1,418 shares in the last quarter. 42.34% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on PBA. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Zacks Investment Research downgraded Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Pembina Pipeline has an average rating of “Hold” and a consensus target price of $39.00.

Pembina Pipeline Corp (NYSE PBA) traded up $0.37 on Friday, hitting $35.35. The stock had a trading volume of 752,900 shares, compared to its average volume of 537,112. Pembina Pipeline Corp has a 12 month low of $30.32 and a 12 month high of $36.99. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $17,780.00, a P/E ratio of 35.71 and a beta of 0.74.

The business also recently declared a jan 18 dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, January 25th will be paid a $0.18 dividend. This represents a yield of 4.93%. The ex-dividend date is Wednesday, January 24th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 169.70%.

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Pembina Pipeline Company 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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