CIBC World Markets Inc. raised its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 2.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,546,034 shares of the pipeline company’s stock after acquiring an additional 186,547 shares during the period. Pembina Pipeline Corp. makes up about 0.9% of CIBC World Markets Inc.’s investment portfolio, making the stock its 23rd largest position. CIBC World Markets Inc. owned 1.62% of Pembina Pipeline Corp. worth $216,805,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of PBA. Janney Montgomery Scott LLC increased its position in Pembina Pipeline Corp. by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 7,578 shares of the pipeline company’s stock valued at $240,000 after acquiring an additional 128 shares during the last quarter. First Trust Advisors LP increased its position in Pembina Pipeline Corp. by 28.4% during the first quarter. First Trust Advisors LP now owns 9,675 shares of the pipeline company’s stock valued at $307,000 after acquiring an additional 2,138 shares during the last quarter. Capital Fund Management S.A. bought a new position in Pembina Pipeline Corp. during the first quarter valued at $419,000. Bank of New York Mellon Corp increased its position in Pembina Pipeline Corp. by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 488,857 shares of the pipeline company’s stock valued at $15,501,000 after acquiring an additional 25,699 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Pembina Pipeline Corp. by 9.8% during the first quarter. UBS Asset Management Americas Inc. now owns 1,007,947 shares of the pipeline company’s stock valued at $31,849,000 after acquiring an additional 90,316 shares during the last quarter. Institutional investors and hedge funds own 49.96% of the company’s stock.

Pembina Pipeline Corp. (PBA) traded up 0.58% on Thursday, hitting $33.13. 50,492 shares of the stock were exchanged. The stock’s 50 day moving average price is $32.87 and its 200 day moving average price is $32.52. Pembina Pipeline Corp. has a 52-week low of $27.44 and a 52-week high of $34.97. The firm has a market cap of $13.35 billion, a PE ratio of 32.83 and a beta of 0.72.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.08. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.60%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.25 earnings per share. Equities research analysts forecast that Pembina Pipeline Corp. will post $1.40 earnings per share for the current year.

The firm also recently declared a sep 17 dividend, which will be paid on Sunday, October 15th. Investors of record on Monday, September 25th will be issued a $0.17 dividend. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is 168.04%.

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A number of research firms have weighed in on PBA. Zacks Investment Research upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Friday, July 21st. BidaskClub upgraded shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $43.00.

Pembina Pipeline Corp. 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.

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

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