Ameritas Advisory Services LLC purchased a new stake in Pembina Pipeline Corp. (NYSE:PBA – Free Report) (TSE:PPL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,762 shares of the pipeline company’s stock, valued at approximately $66,000.
Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its holdings in Pembina Pipeline by 6.2% in the 1st quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company’s stock valued at $1,933,000 after acquiring an additional 2,834 shares during the period. Goldman Sachs Group Inc. raised its holdings in Pembina Pipeline by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after acquiring an additional 3,108,920 shares during the period. Westwood Holdings Group Inc. raised its holdings in Pembina Pipeline by 25.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,428,833 shares of the pipeline company’s stock valued at $57,196,000 after acquiring an additional 288,003 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Pembina Pipeline by 11.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company’s stock valued at $728,000 after acquiring an additional 1,824 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Pembina Pipeline by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company’s stock valued at $62,839,000 after acquiring an additional 25,265 shares during the period. 55.37% of the stock is owned by institutional investors.
Pembina Pipeline Stock Performance
NYSE PBA opened at $39.00 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $22.66 billion, a price-to-earnings ratio of 18.31 and a beta of 0.76. The firm’s 50 day simple moving average is $38.49 and its 200 day simple moving average is $37.90. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $43.44.
Pembina Pipeline Increases Dividend
Wall Street Analyst Weigh In
PBA has been the topic of several research analyst reports. Wells Fargo & Company cut shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Pembina Pipeline in a research report on Wednesday. Finally, National Bankshares upgraded shares of Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy”.
Read Our Latest Analysis on PBA
Pembina Pipeline 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.
Read More
- Five stocks we like better than Pembina Pipeline
- What is Put Option Volume?
- Bassett Furniture: Buy Now, Sit Back, and Collect Dividends
- Top Biotech Stocks: Exploring Innovation Opportunities
- AST SpaceMobile’s Big Win: Shares Soar on New Deal With Verizon
- How to Use Stock Screeners to Find Stocks
- Catch the Next Bitcoin Rally With These 3 ETFs
Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.