Triasima Portfolio Management inc. Sells 77,506 Shares of Pembina Pipeline Co. (NYSE:PBA)

Triasima Portfolio Management inc. cut its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 272,032 shares of the pipeline company’s stock after selling 77,506 shares during the quarter. Pembina Pipeline makes up approximately 1.9% of Triasima Portfolio Management inc.’s holdings, making the stock its 11th biggest position. Triasima Portfolio Management inc.’s holdings in Pembina Pipeline were worth $10,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. RNC Capital Management LLC boosted its stake in Pembina Pipeline by 7.6% in the 4th quarter. RNC Capital Management LLC now owns 23,406 shares of the pipeline company’s stock worth $865,000 after purchasing an additional 1,648 shares during the period. Tectonic Advisors LLC boosted its stake in Pembina Pipeline by 83.4% in the 4th quarter. Tectonic Advisors LLC now owns 13,388 shares of the pipeline company’s stock worth $495,000 after purchasing an additional 6,090 shares during the period. Jennison Associates LLC boosted its stake in Pembina Pipeline by 32.3% in the 4th quarter. Jennison Associates LLC now owns 616,992 shares of the pipeline company’s stock worth $22,786,000 after purchasing an additional 150,689 shares during the period. Greenleaf Trust boosted its stake in Pembina Pipeline by 9.9% in the 4th quarter. Greenleaf Trust now owns 9,472 shares of the pipeline company’s stock worth $350,000 after purchasing an additional 850 shares during the period. Finally, Caprock Group LLC bought a new position in Pembina Pipeline in the 4th quarter worth approximately $235,000. 55.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on PBA shares. TD Securities started coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating for the company. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Barclays initiated coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating on the stock. Finally, Raymond James initiated coverage on Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Down 0.1 %

Shares of PBA opened at $36.54 on Friday. The business’s 50 day simple moving average is $37.38 and its 200-day simple moving average is $39.57. Pembina Pipeline Co. has a 1 year low of $32.81 and a 1 year high of $43.44. The stock has a market capitalization of $21.22 billion, a price-to-earnings ratio of 15.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

Pembina Pipeline Company 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.