Candriam Luxembourg S.C.A. raised its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 96.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,388 shares of the pipeline company’s stock after buying an additional 27,724 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Pembina Pipeline Corp. were worth $1,865,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PBA. Vanguard Group Inc. increased its position in Pembina Pipeline Corp. by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,479,317 shares of the pipeline company’s stock worth $300,589,000 after buying an additional 474,863 shares during the last quarter. Capstone Asset Management Co. increased its position in Pembina Pipeline Corp. by 3.5% in the second quarter. Capstone Asset Management Co. now owns 282,216 shares of the pipeline company’s stock worth $9,347,000 after buying an additional 9,581 shares during the last quarter. Creative Planning increased its position in Pembina Pipeline Corp. by 5.2% in the second quarter. Creative Planning now owns 50,515 shares of the pipeline company’s stock worth $1,673,000 after buying an additional 2,495 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Pembina Pipeline Corp. by 29.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 33,522 shares of the pipeline company’s stock worth $1,060,000 after buying an additional 7,665 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Pembina Pipeline Corp. by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,905 shares of the pipeline company’s stock worth $3,380,000 after buying an additional 23,692 shares during the last quarter. Institutional investors own 46.73% of the company’s stock.

Shares of Pembina Pipeline Corp. (NYSE:PBA) opened at 31.81 on Friday. The firm has a market capitalization of $12.82 billion, a P/E ratio of 31.19 and a beta of 0.71. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $34.97. The company has a 50 day moving average of $33.51 and a 200-day moving average of $32.45.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. Pembina Pipeline Corp.’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 earnings per share. Analysts predict that Pembina Pipeline Corp. will post $1.36 EPS for the current year.

The business also recently disclosed a aug 17 dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be paid a $0.17 dividend. This represents a dividend yield of 4.85%. The ex-dividend date is Wednesday, August 23rd. Pembina Pipeline Corp.’s dividend payout ratio is currently 161.86%.

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PBA has been the topic of a number of research reports. BidaskClub upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. AltaCorp Capital restated an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Finally, National Bank Financial upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $43.00.

About Pembina Pipeline Corp.

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.

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

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