Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. raised its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 48.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 925,064 shares of the pipeline company’s stock after purchasing an additional 301,700 shares during the period. Pembina Pipeline comprises approximately 1.3% of Intact Investment Management Inc.’s holdings, making the stock its 24th largest holding. Intact Investment Management Inc.’s holdings in Pembina Pipeline were worth $31,850,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Pembina Pipeline by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 21,222,536 shares of the pipeline company’s stock valued at $637,949,000 after acquiring an additional 351,266 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Pembina Pipeline by 3.1% during the 3rd quarter. Bank of Nova Scotia now owns 14,665,584 shares of the pipeline company’s stock valued at $440,966,000 after acquiring an additional 445,262 shares in the last quarter. Deutsche Bank AG raised its position in shares of Pembina Pipeline by 1.0% during the 3rd quarter. Deutsche Bank AG now owns 13,391,140 shares of the pipeline company’s stock valued at $402,538,000 after acquiring an additional 131,487 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Pembina Pipeline by 5.7% during the 4th quarter. Mackenzie Financial Corp now owns 12,652,115 shares of the pipeline company’s stock valued at $435,812,000 after acquiring an additional 680,945 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Pembina Pipeline by 8.3% during the 3rd quarter. Toronto Dominion Bank now owns 7,699,608 shares of the pipeline company’s stock valued at $231,450,000 after acquiring an additional 593,061 shares in the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PBA. TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, CIBC upped their price objective on Pembina Pipeline from $56.00 to $57.00 and gave the stock an “outperformer” rating in a research note on Friday, April 19th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.00.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA traded up $0.11 on Friday, hitting $35.82. The company’s stock had a trading volume of 724,959 shares, compared to its average volume of 1,113,872. Pembina Pipeline Co. has a 12 month low of $28.15 and a 12 month high of $36.17. The company has a market capitalization of $20.76 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 5.31 and a beta of 1.20. The stock’s 50-day moving average is $35.04 and its two-hundred day moving average is $33.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. On average, equities research analysts forecast that Pembina Pipeline Co. will post 2.24 EPS for the current year.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.4944 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 annualized dividend and a yield of 5.52%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio (DPR) is currently 89.14%.

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.