Acorn Wealth Advisors LLC Has $301,000 Stake in Pembina Pipeline Co. (NYSE:PBA)

Acorn Wealth Advisors LLC lowered its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,146 shares of the pipeline company’s stock after selling 278 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Pembina Pipeline were worth $301,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC increased its stake in Pembina Pipeline by 4.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,947 shares of the pipeline company’s stock worth $286,000 after purchasing an additional 273 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Pembina Pipeline by 11.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,935 shares of the pipeline company’s stock valued at $108,000 after buying an additional 308 shares during the period. CENTRAL TRUST Co increased its position in shares of Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 325 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Pembina Pipeline by 1.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 18,675 shares of the pipeline company’s stock worth $770,000 after acquiring an additional 334 shares during the period. Finally, Gold Investment Management Ltd. raised its holdings in shares of Pembina Pipeline by 4.2% during the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock worth $453,000 after acquiring an additional 439 shares during the period. Institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PBA shares. TD Securities started coverage on Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating for the company. Barclays began coverage on 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 report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Trading Down 0.3 %

Shares of NYSE:PBA opened at $36.06 on Tuesday. The company’s 50-day moving average price is $36.66 and its two-hundred day moving average price is $39.43. Pembina Pipeline Co. has a one year low of $33.83 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The stock has a market capitalization of $20.93 billion, a PE ratio of 14.90 and a beta of 1.25.

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.