Pembina Pipeline Corp (PBA) Shares Sold by Edgemoor Investment Advisors Inc.
Edgemoor Investment Advisors Inc. decreased its holdings in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 144,773 shares of the pipeline company’s stock after selling 3,074 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Pembina Pipeline were worth $5,097,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Pembina Pipeline by 7.5% during the second quarter. HighTower Advisors LLC now owns 8,313 shares of the pipeline company’s stock worth $276,000 after acquiring an additional 583 shares during the last quarter. Stifel Financial Corp grew its stake in shares of Pembina Pipeline by 5.4% during the second quarter. Stifel Financial Corp now owns 17,661 shares of the pipeline company’s stock worth $584,000 after acquiring an additional 909 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Pembina Pipeline by 8.4% during the second quarter. Ameriprise Financial Inc. now owns 18,257 shares of the pipeline company’s stock worth $605,000 after acquiring an additional 1,418 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Pembina Pipeline by 6.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 35,679 shares of the pipeline company’s stock worth $1,253,000 after acquiring an additional 2,136 shares during the last quarter. Finally, APG Asset Management N.V. grew its stake in shares of Pembina Pipeline by 0.6% during the fourth quarter. APG Asset Management N.V. now owns 523,835 shares of the pipeline company’s stock worth $15,846,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors and hedge funds own 42.63% of the company’s stock.
Shares of Pembina Pipeline Corp (NYSE PBA) opened at $30.94 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.75. Pembina Pipeline Corp has a twelve month low of $30.17 and a twelve month high of $36.99. The company has a market capitalization of $15,713.76, a PE ratio of 31.25 and a beta of 0.66.
A number of equities research analysts have recently weighed in on PBA shares. Zacks Investment Research upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $39.00.
WARNING: “Pembina Pipeline Corp (PBA) Shares Sold by Edgemoor Investment Advisors Inc.” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://theolympiareport.com/2018/02/11/pembina-pipeline-corp-pba-shares-sold-by-edgemoor-investment-advisors-inc.html.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
Want to see what other hedge funds are holding PBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL).
Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.