Tectonic Advisors LLC Has $495,000 Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Tectonic Advisors LLC increased its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 83.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,388 shares of the pipeline company’s stock after acquiring an additional 6,090 shares during the quarter. Tectonic Advisors LLC’s holdings in Pembina Pipeline were worth $495,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. PDT Partners LLC acquired a new stake in Pembina Pipeline during the 3rd quarter valued at $1,329,000. JPMorgan Chase & Co. grew its holdings in shares of Pembina Pipeline by 18.2% during the third quarter. JPMorgan Chase & Co. now owns 4,049,470 shares of the pipeline company’s stock valued at $167,000,000 after buying an additional 624,958 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Pembina Pipeline by 7.2% during the third quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company’s stock valued at $527,000 after buying an additional 860 shares during the period. FMR LLC lifted its stake in Pembina Pipeline by 1,396.8% in the 3rd quarter. FMR LLC now owns 547,448 shares of the pipeline company’s stock worth $22,573,000 after acquiring an additional 510,873 shares in the last quarter. Finally, Recurrent Investment Advisors LLC boosted its position in Pembina Pipeline by 2.6% during the 3rd quarter. Recurrent Investment Advisors LLC now owns 1,637,910 shares of the pipeline company’s stock worth $67,994,000 after acquiring an additional 41,282 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PBA. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. TD Securities began coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating on the stock. Barclays began coverage on Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. Finally, Raymond James started coverage on Pembina Pipeline in a research note on Friday, October 11th. They issued an “outperform” rating on the stock. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Pembina Pipeline has a consensus rating of “Hold” and an average price target of $56.50.

Pembina Pipeline Stock Up 0.6 %

PBA stock opened at $36.55 on Thursday. The firm has a market cap of $21.22 billion, a PE ratio of 15.10 and a beta of 1.25. Pembina Pipeline Co. has a 1 year low of $32.81 and a 1 year high of $43.44. The company has a fifty day simple moving average of $37.56 and a 200 day simple moving average of $39.61. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Pembina Pipeline Company 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.