Pembina Pipeline Corp. $PBA Shares Bought by Metis Global Partners LLC

Metis Global Partners LLC lifted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 20.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,226 shares of the pipeline company’s stock after acquiring an additional 12,384 shares during the quarter. Metis Global Partners LLC’s holdings in Pembina Pipeline were worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PBA. Public Sector Pension Investment Board raised its position in Pembina Pipeline by 0.6% in 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 period. Varma Mutual Pension Insurance Co increased its position in shares of Pembina Pipeline by 8.6% during the third quarter. Varma Mutual Pension Insurance Co now owns 309,779 shares of the pipeline company’s stock worth $12,528,000 after acquiring an additional 24,400 shares during the last quarter. ProShare Advisors LLC increased its holdings in Pembina Pipeline by 1.8% during the 3rd quarter. ProShare Advisors LLC now owns 62,628 shares of the pipeline company’s stock worth $2,532,000 after purchasing an additional 1,114 shares during the last quarter. Cardinal Point Capital Management ULC raised its holdings in Pembina Pipeline by 1.9% in the third quarter. Cardinal Point Capital Management ULC now owns 24,376 shares of the pipeline company’s stock valued at $985,000 after acquiring an additional 450 shares in the last quarter. Finally, Alps Advisors Inc. raised its stake in shares of Pembina Pipeline by 93.9% in the 3rd quarter. Alps Advisors Inc. now owns 22,407 shares of the pipeline company’s stock valued at $907,000 after purchasing an additional 10,853 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PBA has been the topic of a number of research reports. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, December 16th. Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. Finally, TD Securities cut their target price on Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Pembina Pipeline Stock Performance

Shares of NYSE PBA opened at $44.35 on Friday. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $44.60. The company has a market cap of $25.77 billion, a PE ratio of 22.17 and a beta of 0.68. The stock has a 50 day simple moving average of $39.39 and a 200-day simple moving average of $38.70. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77.

About Pembina Pipeline

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.