Triasima Portfolio Management inc. Decreases Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Triasima Portfolio Management inc. lessened its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 22.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 272,032 shares of the pipeline company’s stock after selling 77,506 shares during the quarter. Pembina Pipeline makes up approximately 1.9% of Triasima Portfolio Management inc.’s investment portfolio, making the stock its 11th biggest holding. Triasima Portfolio Management inc.’s holdings in Pembina Pipeline were worth $10,046,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Godsey & Gibb Inc. bought a new position in Pembina Pipeline in the 3rd quarter valued at $25,000. Prospera Private Wealth LLC bought a new position in Pembina Pipeline in the 3rd quarter valued at $26,000. Safe Harbor Fiduciary LLC bought a new position in Pembina Pipeline in the 3rd quarter valued at $26,000. Versant Capital Management Inc bought a new position in Pembina Pipeline in the 4th quarter valued at $27,000. Finally, Sound Income Strategies LLC bought a new position in Pembina Pipeline in the 4th quarter valued at $27,000. Institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a “buy” rating on the stock. Raymond James started coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an “outperform” rating on the stock. Wells Fargo & Company downgraded Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Barclays started coverage on Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $36.54 on Friday. Pembina Pipeline Co. has a 1-year low of $32.81 and a 1-year high of $43.44. The stock’s 50-day moving average is $37.38 and its 200 day moving average is $39.57. The company has a market cap of $21.22 billion, a P/E ratio of 15.10 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51.

About Pembina Pipeline

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.