Rothschild Asset Management Inc. purchased a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the second quarter, Holdings Channel reports. The firm purchased 14,076 shares of the pipeline company’s stock, valued at approximately $608,000.

A number of other large investors also recently modified their holdings of PBA. Van ECK Associates Corp increased its stake in shares of Pembina Pipeline Corp. by 18.0% in the first quarter. Van ECK Associates Corp now owns 3,405 shares of the pipeline company’s stock worth $108,000 after buying an additional 520 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Pembina Pipeline Corp. by 9.7% in the first quarter. Envestnet Asset Management Inc. now owns 3,801 shares of the pipeline company’s stock worth $120,000 after buying an additional 335 shares during the last quarter. Huntington National Bank increased its stake in shares of Pembina Pipeline Corp. by 7.6% in the first quarter. Huntington National Bank now owns 4,803 shares of the pipeline company’s stock worth $152,000 after buying an additional 341 shares during the last quarter. Check Capital Management Inc. CA bought a new stake in shares of Pembina Pipeline Corp. during the first quarter worth $219,000. Finally, Cornerstone Wealth Management LLC increased its stake in shares of Pembina Pipeline Corp. by 2.4% in the first quarter. Cornerstone Wealth Management LLC now owns 7,129 shares of the pipeline company’s stock worth $228,000 after buying an additional 164 shares during the last quarter. 46.73% of the stock is currently owned by institutional investors.

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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.08. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company earned $0.25 EPS. Pembina Pipeline Corp.’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities analysts forecast that Pembina Pipeline Corp. will post $1.36 EPS for the current fiscal year.

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

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A number of brokerages recently weighed in on PBA. Zacks Investment Research downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. National Bank Financial raised Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, May 2nd. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Finally, BidaskClub downgraded Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus 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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