Public Sector Pension Investment Board raised its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 776,205 shares of the company’s stock after buying an additional 25,800 shares during the period. Public Sector Pension Investment Board owned approximately 0.20% of Pembina Pipeline Corp. worth $24,287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PBA. Cohen & Steers Inc. raised its position in Pembina Pipeline Corp. by 1,758.9% in the second quarter. Cohen & Steers Inc. now owns 1,069,332 shares of the company’s stock valued at $32,326,000 after buying an additional 1,011,808 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Pembina Pipeline Corp. during the third quarter valued at about $29,684,000. Caisse DE Depot ET Placement DU Quebec raised its position in Pembina Pipeline Corp. by 10.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,530,660 shares of the company’s stock valued at $259,506,000 after buying an additional 806,187 shares during the period. Bank of Montreal Can raised its position in Pembina Pipeline Corp. by 6.4% in the third quarter. Bank of Montreal Can now owns 11,582,227 shares of the company’s stock valued at $352,793,000 after buying an additional 699,364 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Pembina Pipeline Corp. by 69.4% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,206,333 shares of the company’s stock valued at $47,361,000 after buying an additional 494,257 shares during the period. 46.14% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Pembina Pipeline Corp. (NYSE:PBA)

Pembina Pipeline Corp. (NYSE:PBA) traded up 4.21% during mid-day trading on Thursday, hitting $32.64. 547,057 shares of the stock traded hands. The company has a 50 day moving average price of $31.50 and a 200-day moving average price of $30.51. Pembina Pipeline Corp. has a one year low of $23.24 and a one year high of $32.78. The stock has a market capitalization of $12.89 billion, a PE ratio of 41.11 and a beta of 0.72.

The business also recently announced a feb 17 dividend, which will be paid on Wednesday, March 15th. Investors of record on Saturday, February 25th will be issued a dividend of $0.16 per share. This represents a dividend yield of 4.75%. The ex-dividend date is Wednesday, February 22nd. Pembina Pipeline Corp.’s payout ratio is 181.01%.

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Several analysts have weighed in on PBA shares. Scotiabank reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Pembina Pipeline Corp. in a research note on Sunday, November 6th. GMP Securities raised shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. TD Securities reaffirmed a “buy” rating and set a $46.00 price objective (up from $44.00) on shares of Pembina Pipeline Corp. in a research note on Tuesday, November 8th. Finally, Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, November 9th. Three analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Pembina Pipeline Corp. currently has a consensus rating of “Buy” and an average price target of $41.64.

About Pembina Pipeline Corp.

Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.

5 Day Chart for NYSE:PBA

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