Pembina Pipeline Corp. $PBA Shares Sold by Kayne Anderson Capital Advisors LP

Kayne Anderson Capital Advisors LP trimmed its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 44.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,767,889 shares of the pipeline company’s stock after selling 1,440,611 shares during the quarter. Pembina Pipeline accounts for approximately 1.6% of Kayne Anderson Capital Advisors LP’s investment portfolio, making the stock its 16th biggest holding. Kayne Anderson Capital Advisors LP’s holdings in Pembina Pipeline were worth $71,529,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Waratah Capital Advisors Ltd. acquired a new position in shares of Pembina Pipeline in the 3rd quarter valued at about $6,073,000. Lansforsakringar Fondforvaltning AB publ raised its position in Pembina Pipeline by 14.2% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 133,926 shares of the pipeline company’s stock valued at $5,416,000 after acquiring an additional 16,623 shares in the last quarter. Citigroup Inc. raised its position in Pembina Pipeline by 96.3% during the third quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company’s stock valued at $8,775,000 after acquiring an additional 106,419 shares in the last quarter. Broderick Brian C lifted its holdings in Pembina Pipeline by 2.5% in the third quarter. Broderick Brian C now owns 32,523 shares of the pipeline company’s stock valued at $1,316,000 after acquiring an additional 800 shares during the period. Finally, Fiera Capital Corp boosted its position in Pembina Pipeline by 12.6% in the 3rd quarter. Fiera Capital Corp now owns 1,073,818 shares of the pipeline company’s stock worth $43,402,000 after purchasing an additional 120,272 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PBA. Zacks Research raised 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 report on Monday, December 29th. TD Securities cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Pembina Pipeline Trading Up 0.3%

Shares of NYSE:PBA opened at $44.25 on Wednesday. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $44.60. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 22.12 and a beta of 0.68. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.53 and a quick ratio of 0.41. The business’s 50 day moving average price is $40.08 and its 200-day moving average price is $39.05.

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.