Northwest & Ethical Investments L.P. Raises Position in Pembina Pipeline Corp. $PBA

Northwest & Ethical Investments L.P. lifted its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 58.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,649 shares of the pipeline company’s stock after acquiring an additional 65,244 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Pembina Pipeline were worth $6,667,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. XTX Topco Ltd raised its holdings in shares of Pembina Pipeline by 66.4% in the second quarter. XTX Topco Ltd now owns 40,055 shares of the pipeline company’s stock worth $1,502,000 after buying an additional 15,977 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in shares of Pembina Pipeline by 14.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 33,987 shares of the pipeline company’s stock valued at $1,275,000 after purchasing an additional 4,303 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Pembina Pipeline by 25.7% in the 2nd quarter. American Century Companies Inc. now owns 187,070 shares of the pipeline company’s stock valued at $7,024,000 after acquiring an additional 38,287 shares during the period. Franklin Resources Inc. raised its holdings in Pembina Pipeline by 20.6% in the second quarter. Franklin Resources Inc. now owns 1,159,923 shares of the pipeline company’s stock worth $43,580,000 after purchasing an additional 198,465 shares in the last quarter. Finally, Mediolanum International Funds Ltd lifted its position in Pembina Pipeline by 2.0% during the second quarter. Mediolanum International Funds Ltd now owns 14,760 shares of the pipeline company’s stock valued at $551,000 after acquiring an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on PBA shares. Weiss Ratings reissued a “hold (c)” rating on shares of Pembina Pipeline in a report on Tuesday. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. Wall Street Zen lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Pembina Pipeline Price Performance

PBA stock opened at $38.12 on Thursday. The business has a 50 day moving average price of $38.82 and a 200 day moving average price of $37.89. The stock has a market cap of $22.15 billion, a price-to-earnings ratio of 17.90 and a beta of 0.75. Pembina Pipeline Corp. has a fifty-two week low of $34.13 and a fifty-two week high of $42.40. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.14). The firm had revenue of $911.47 million for the quarter, compared to analysts’ expectations of $1.42 billion. Pembina Pipeline had a return on equity of 12.27% and a net margin of 23.24%.The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 EPS. Equities research analysts anticipate that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Monday, December 15th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 101.00%.

Pembina Pipeline Company 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.