Fiera Capital Corp Acquires 120,272 Shares of Pembina Pipeline Corp. $PBA

Fiera Capital Corp boosted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 12.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,073,818 shares of the pipeline company’s stock after buying an additional 120,272 shares during the quarter. Fiera Capital Corp owned about 0.18% of Pembina Pipeline worth $43,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mediolanum International Funds Ltd boosted its stake in shares of Pembina Pipeline by 2.0% during the 2nd quarter. Mediolanum International Funds Ltd now owns 14,760 shares of the pipeline company’s stock worth $551,000 after acquiring an additional 293 shares in the last quarter. MAI Capital Management lifted its holdings in Pembina Pipeline by 2.9% in the 2nd quarter. MAI Capital Management now owns 10,664 shares of the pipeline company’s stock worth $400,000 after purchasing an additional 302 shares during the last quarter. Midwest Professional Planners LTD. boosted its position in Pembina Pipeline by 1.9% during the second quarter. Midwest Professional Planners LTD. now owns 16,890 shares of the pipeline company’s stock worth $634,000 after purchasing an additional 312 shares during the period. PFG Investments LLC boosted its position in Pembina Pipeline by 2.5% during the third quarter. PFG Investments LLC now owns 13,000 shares of the pipeline company’s stock worth $526,000 after purchasing an additional 313 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings 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 valued at $2,278,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock opened at $43.65 on Friday. 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 fifty-two week low of $34.13 and a fifty-two week high of $44.60. The firm has a fifty day moving average price of $39.82 and a two-hundred day moving average price of $38.92. The company has a market cap of $25.36 billion, a PE ratio of 21.82 and a beta of 0.68.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PBA. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a research note on Tuesday, December 16th. Zacks Research upgraded shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. Finally, TD Securities cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Pembina Pipeline Company Profile

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.