Hartland & Co. LLC acquired a new position in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 12,750 shares of the pipeline company’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Jarislowsky Fraser Ltd grew its stake in shares of Pembina Pipeline by 0.7% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 12,372,878 shares of the pipeline company’s stock worth $433,122,000 after purchasing an additional 91,095 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Pembina Pipeline by 4.9% in the second quarter. Vanguard Group Inc. now owns 9,944,566 shares of the pipeline company’s stock worth $329,364,000 after acquiring an additional 465,249 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Pembina Pipeline by 64.6% in the third quarter. CIBC Asset Management Inc now owns 7,100,744 shares of the pipeline company’s stock worth $248,486,000 after acquiring an additional 2,787,001 shares in the last quarter. CIBC World Markets Inc. increased its position in shares of Pembina Pipeline by 2.9% in the second quarter. CIBC World Markets Inc. now owns 6,546,034 shares of the pipeline company’s stock worth $216,805,000 after acquiring an additional 186,547 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in shares of Pembina Pipeline by 4.0% in the third quarter. TD Asset Management Inc. now owns 5,845,179 shares of the pipeline company’s stock worth $204,615,000 after acquiring an additional 226,004 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the stock. BidaskClub downgraded shares of Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Pembina Pipeline presently has an average rating of “Buy” and a consensus price target of $41.50.

Pembina Pipeline Corp (PBA) traded up $0.38 during trading on Monday, hitting $35.24. 305,400 shares of the stock traded hands, compared to its average volume of 365,140. The stock has a market capitalization of $17,706.90, a P/E ratio of 35.60 and a beta of 0.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. Pembina Pipeline Corp has a 1-year low of $28.30 and a 1-year high of $36.29.

The company also recently announced a nov 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Saturday, November 25th will be given a $0.18 dividend. This represents a dividend yield of 4.73%. The ex-dividend date of this dividend is Wednesday, November 22nd. Pembina Pipeline’s dividend payout ratio (DPR) is currently 171.72%.

TRADEMARK VIOLATION WARNING: “12,750 Shares in Pembina Pipeline Corp (PBA) Acquired by Hartland & Co. LLC” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/12750-shares-in-pembina-pipeline-corp-pba-acquired-by-hartland-co-llc/1729295.html.

Pembina Pipeline 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.

Want to see what other hedge funds are holding PBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL).

Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

Receive News & Ratings for Pembina Pipeline Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline Corp and related companies with Analyst Ratings Network's FREE daily email newsletter.