Scotia Capital Inc. Has $110.48 Million Stake in Pembina Pipeline Corp (PBA)
Scotia Capital Inc. increased its stake in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 20.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,052,010 shares of the pipeline company’s stock after buying an additional 514,234 shares during the period. Pembina Pipeline comprises about 1.5% of Scotia Capital Inc.’s holdings, making the stock its 14th biggest position. Scotia Capital Inc.’s holdings in Pembina Pipeline were worth $110,475,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Caisse DE Depot ET Placement DU Quebec increased its holdings in Pembina Pipeline by 0.5% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,542,990 shares of the pipeline company’s stock worth $310,301,000 after buying an additional 45,977 shares during the last quarter. Amundi Pioneer Asset Management Inc. purchased a new stake in Pembina Pipeline during the fourth quarter worth about $6,007,000. Alliancebernstein L.P. increased its holdings in Pembina Pipeline by 24.7% during the fourth quarter. Alliancebernstein L.P. now owns 85,650 shares of the pipeline company’s stock worth $3,099,000 after buying an additional 16,977 shares during the last quarter. Geode Capital Management LLC increased its holdings in Pembina Pipeline by 28.1% during the fourth quarter. Geode Capital Management LLC now owns 266,976 shares of the pipeline company’s stock worth $9,577,000 after buying an additional 58,592 shares during the last quarter. Finally, Icon Wealth Partners LLC purchased a new stake in Pembina Pipeline during the fourth quarter worth about $103,000. Institutional investors and hedge funds own 48.40% of the company’s stock.
Shares of Pembina Pipeline Corp (NYSE PBA) opened at $31.92 on Monday. Pembina Pipeline Corp has a 1-year low of $30.17 and a 1-year high of $36.99. The company has a current ratio of 0.89, a quick ratio of 0.75 and a debt-to-equity ratio of 0.64. The stock has a market cap of $16,055.80, a PE ratio of 24.74 and a beta of 0.69.
A number of research firms recently issued reports on PBA. Macquarie downgraded shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective for the company in a report on Wednesday, February 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $39.00.
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Pembina Pipeline Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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