Pembina Pipeline Co. (NYSE:PBA) Position Raised by Aigen Investment Management LP

Aigen Investment Management LP raised its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 124.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,664 shares of the pipeline company’s stock after buying an additional 18,095 shares during the quarter. Aigen Investment Management LP’s holdings in Pembina Pipeline were worth $1,207,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its stake in Pembina Pipeline by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,545,980 shares of the pipeline company’s stock valued at $57,091,000 after buying an additional 38,624 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Pembina Pipeline by 5.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 26,554 shares of the pipeline company’s stock valued at $981,000 after buying an additional 1,374 shares during the last quarter. Wernau Asset Management Inc. bought a new stake in Pembina Pipeline in the fourth quarter valued at $233,000. Jones Financial Companies Lllp lifted its stake in Pembina Pipeline by 24.8% in the fourth quarter. Jones Financial Companies Lllp now owns 24,147 shares of the pipeline company’s stock valued at $892,000 after buying an additional 4,806 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in Pembina Pipeline by 3.5% in the fourth quarter. Metis Global Partners LLC now owns 56,738 shares of the pipeline company’s stock valued at $2,096,000 after buying an additional 1,897 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $37.71 on Thursday. Pembina Pipeline Co. has a twelve month low of $33.83 and a twelve month high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $36.79 and a two-hundred day moving average of $39.39. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 15.58 and a beta of 1.25.

Pembina Pipeline Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.4783 per share. This represents a $1.91 annualized dividend and a yield of 5.07%. The ex-dividend date is Monday, March 17th. Pembina Pipeline’s dividend payout ratio is presently 86.30%.

Analyst Upgrades and Downgrades

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

About Pembina Pipeline

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.