Pembina Pipeline Corp. (NYSE:PBA) Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,296,456 shares of the pipeline company’s stock after buying an additional 409,379 shares during the quarter. Vanguard Group Inc. owned approximately 4.35% of Pembina Pipeline worth $1,011,833,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PBA. Wells Fargo & Company MN lifted its position in Pembina Pipeline by 4.5% in the 4th quarter. Wells Fargo & Company MN now owns 215,118 shares of the pipeline company’s stock worth $7,949,000 after buying an additional 9,325 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Pembina Pipeline by 5.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 308,872 shares of the pipeline company’s stock worth $11,413,000 after buying an additional 15,002 shares in the last quarter. Invesco Ltd. lifted its position in Pembina Pipeline by 8.6% in the 4th quarter. Invesco Ltd. now owns 1,624,743 shares of the pipeline company’s stock worth $60,034,000 after buying an additional 128,176 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Pembina Pipeline during the 4th quarter valued at $2,995,000. Finally, Raymond James Financial Inc. bought a new position in shares of Pembina Pipeline during the 4th quarter valued at $2,832,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

NYSE:PBA opened at $35.78 on Tuesday. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $43.44. The firm’s fifty day simple moving average is $37.16 and its 200 day simple moving average is $37.52. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $20.79 billion, a PE ratio of 16.80 and a beta of 0.78.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Monday, September 15th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.51. Pembina Pipeline’s dividend payout ratio (DPR) is 97.18%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PBA. National Bankshares upgraded shares of Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 26th. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Finally, Jefferies Financial Group downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.