Natixis Advisors LLC Has $1.27 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

Natixis Advisors LLC raised its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 34,365 shares of the pipeline company’s stock after buying an additional 1,133 shares during the period. Natixis Advisors LLC’s holdings in Pembina Pipeline were worth $1,270,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC purchased a new position in shares of Pembina Pipeline during the third quarter valued at approximately $26,000. Versant Capital Management Inc purchased a new position in Pembina Pipeline during the 4th quarter worth $27,000. Sound Income Strategies LLC bought a new stake in shares of Pembina Pipeline in the 4th quarter worth $27,000. Dunhill Financial LLC purchased a new stake in shares of Pembina Pipeline in the third quarter valued at about $28,000. Finally, Eastern Bank bought a new position in shares of Pembina Pipeline during the fourth quarter valued at about $29,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Down 0.0 %

Shares of PBA stock opened at $40.10 on Wednesday. Pembina Pipeline Co. has a 12-month low of $33.83 and a 12-month high of $43.44. 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 company has a 50 day moving average of $37.43 and a 200-day moving average of $39.30. The firm has a market cap of $23.28 billion, a P/E ratio of 16.57 and a beta of 1.26.

Pembina Pipeline Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.4783 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.91 annualized dividend and a dividend yield of 4.77%. Pembina Pipeline’s payout ratio is presently 86.76%.

Analyst Ratings Changes

PBA has been the subject of a number of recent analyst reports. Barclays initiated coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They issued an “overweight” rating for the company. TD Securities assumed coverage on Pembina Pipeline in a report on Wednesday, January 15th. They issued a “buy” 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, Citigroup upgraded Pembina Pipeline from a “neutral” rating to a “buy” rating in a research note on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.50.

Pembina Pipeline Profile

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.