MONECO Advisors LLC Raises Holdings in Pembina Pipeline Co. (NYSE:PBA)

MONECO Advisors LLC grew its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 9.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,954 shares of the pipeline company’s stock after buying an additional 537 shares during the quarter. MONECO Advisors LLC’s holdings in Pembina Pipeline were worth $220,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PBA. Blue Trust Inc. lifted its holdings in shares of Pembina Pipeline by 223.8% in the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company’s stock worth $30,000 after buying an additional 508 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Pembina Pipeline by 16.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 24,697 shares of the pipeline company’s stock worth $1,019,000 after buying an additional 3,399 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Pembina Pipeline by 8.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,757 shares of the pipeline company’s stock worth $609,000 after buying an additional 1,199 shares during the period. US Bancorp DE lifted its holdings in shares of Pembina Pipeline by 22.0% in the 3rd quarter. US Bancorp DE now owns 11,161 shares of the pipeline company’s stock worth $460,000 after buying an additional 2,014 shares during the period. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of Pembina Pipeline during the 3rd quarter worth $3,317,000. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PBA shares. Barclays started coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. Wells Fargo & Company cut Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, TD Securities started coverage on Pembina Pipeline in a research note on Wednesday, January 15th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Trading Up 0.7 %

Shares of NYSE:PBA opened at $36.31 on Wednesday. The business’s 50-day moving average is $36.64 and its 200 day moving average is $39.42. Pembina Pipeline Co. has a 1 year low of $33.83 and a 1 year high of $43.44. The firm has a market capitalization of $21.08 billion, a P/E ratio of 15.00 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.