Fiera Capital Corp Sells 80,588 Shares of Pembina Pipeline Co. (NYSE:PBA)

Fiera Capital Corp cut its position in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,115,802 shares of the pipeline company’s stock after selling 80,588 shares during the period. Fiera Capital Corp’s holdings in Pembina Pipeline were worth $41,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. bought a new stake in shares of Pembina Pipeline in the third quarter valued at about $25,000. Safe Harbor Fiduciary LLC acquired a new stake in Pembina Pipeline in the 3rd quarter worth about $26,000. Prospera Private Wealth LLC bought a new stake in Pembina Pipeline in the 3rd quarter valued at about $26,000. Dunhill Financial LLC bought a new position in shares of Pembina Pipeline during the third quarter worth approximately $28,000. Finally, Versant Capital Management Inc acquired a new stake in Pembina Pipeline during the fourth quarter worth approximately $27,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of PBA opened at $36.47 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The stock has a market cap of $21.17 billion, a PE ratio of 15.07 and a beta of 1.25. Pembina Pipeline Co. has a 12-month low of $32.81 and a 12-month high of $43.44. The business has a 50-day simple moving average of $37.15 and a two-hundred day simple moving average of $39.55.

Wall Street Analyst Weigh In

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

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.