Schroder Investment Management Group lifted its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,207 shares of the pipeline company’s stock after purchasing an additional 275 shares during the period. Schroder Investment Management Group’s holdings in Pembina Pipeline Corp. were worth $1,811,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PBA. Bank of Montreal Can increased its stake in shares of Pembina Pipeline Corp. by 13.9% during the 2nd quarter. Bank of Montreal Can now owns 12,169,430 shares of the pipeline company’s stock worth $403,051,000 after purchasing an additional 1,488,648 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Pembina Pipeline Corp. by 199.6% during the 2nd quarter. Kayne Anderson Capital Advisors LP now owns 1,737,700 shares of the pipeline company’s stock worth $57,545,000 after purchasing an additional 1,157,700 shares during the last quarter. Jarislowsky Fraser Ltd increased its stake in shares of Pembina Pipeline Corp. by 10.0% during the 2nd quarter. Jarislowsky Fraser Ltd now owns 12,281,783 shares of the pipeline company’s stock worth $406,177,000 after purchasing an additional 1,118,498 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Pembina Pipeline Corp. by 502.2% during the 2nd quarter. Jennison Associates LLC now owns 1,271,009 shares of the pipeline company’s stock worth $42,096,000 after purchasing an additional 1,059,961 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Pembina Pipeline Corp. by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 9,479,317 shares of the pipeline company’s stock worth $300,589,000 after purchasing an additional 474,863 shares during the last quarter. Institutional investors own 49.93% of the company’s stock.

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Several research analysts have recently weighed in on the stock. BidaskClub lowered shares of Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, AltaCorp Capital upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $43.00.

Pembina Pipeline Corp. (NYSE PBA) opened at 34.13 on Friday. Pembina Pipeline Corp. has a 52 week low of $27.44 and a 52 week high of $34.97. The company has a 50-day moving average of $32.71 and a 200-day moving average of $32.62. The firm has a market cap of $13.75 billion, a price-to-earnings ratio of 33.36 and a beta of 0.72.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.08). The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The business’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. Equities research analysts forecast that Pembina Pipeline Corp. will post $1.39 earnings per share for the current fiscal year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, September 25th will be given a $0.139 dividend. This is a positive change from Pembina Pipeline Corp.’s previous monthly dividend of $0.13. The ex-dividend date is Friday, September 22nd. This represents a $1.67 annualized dividend and a yield of 4.89%. Pembina Pipeline Corp.’s payout ratio is currently 168.04%.

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.

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

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