Cumberland Partners Ltd Raises Position in Pembina Pipeline Corp. $PBA

Cumberland Partners Ltd boosted its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 28.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,081 shares of the pipeline company’s stock after purchasing an additional 30,781 shares during the period. Cumberland Partners Ltd’s holdings in Pembina Pipeline were worth $5,621,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Syon Capital LLC raised its stake in shares of Pembina Pipeline by 66.9% in the third quarter. Syon Capital LLC now owns 10,904 shares of the pipeline company’s stock valued at $441,000 after buying an additional 4,371 shares during the period. Vanguard Group Inc. raised its stake in Pembina Pipeline by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 26,691,827 shares of the pipeline company’s stock valued at $1,079,231,000 after acquiring an additional 576,845 shares during the period. Cidel Asset Management Inc. raised its stake in Pembina Pipeline by 0.3% in the 3rd quarter. Cidel Asset Management Inc. now owns 247,244 shares of the pipeline company’s stock valued at $9,999,000 after acquiring an additional 747 shares during the period. Metis Global Partners LLC lifted its holdings in Pembina Pipeline by 20.4% during the third quarter. Metis Global Partners LLC now owns 73,226 shares of the pipeline company’s stock valued at $2,961,000 after purchasing an additional 12,384 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Pembina Pipeline by 0.6% during the third quarter. Public Sector Pension Investment Board now owns 56,339 shares of the pipeline company’s stock worth $2,278,000 after purchasing an additional 335 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PBA has been the topic of several research reports. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, TD Securities lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Pembina Pipeline Stock Performance

NYSE PBA opened at $43.02 on Thursday. The company’s 50 day simple moving average is $39.65 and its two-hundred day simple moving average is $38.84. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.53 and a quick ratio of 0.41. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $44.60. The stock has a market capitalization of $25.00 billion, a PE ratio of 21.51 and a beta of 0.68.

About Pembina Pipeline

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.