OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 18.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,000 shares of the pipeline company’s stock after buying an additional 2,900 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Pembina Pipeline Corp. were worth $600,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Jarislowsky Fraser Ltd boosted its stake in Pembina Pipeline Corp. by 9.7% in the first quarter. Jarislowsky Fraser Ltd now owns 11,163,285 shares of the pipeline company’s stock valued at $352,732,000 after buying an additional 991,408 shares during the period. Vanguard Group Inc. boosted its stake in Pembina Pipeline Corp. by 5.3% in the first quarter. Vanguard Group Inc. now owns 9,479,317 shares of the pipeline company’s stock valued at $300,589,000 after buying an additional 474,863 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Pembina Pipeline Corp. by 0.8% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 8,687,484 shares of the pipeline company’s stock valued at $274,802,000 after buying an additional 71,888 shares during the period. CIBC World Markets Inc. boosted its stake in Pembina Pipeline Corp. by 2.5% in the first quarter. CIBC World Markets Inc. now owns 6,359,487 shares of the pipeline company’s stock valued at $201,659,000 after buying an additional 154,348 shares during the period. Finally, TD Asset Management Inc. boosted its stake in Pembina Pipeline Corp. by 1.6% in the first quarter. TD Asset Management Inc. now owns 5,589,793 shares of the pipeline company’s stock valued at $176,623,000 after buying an additional 90,244 shares during the period. Institutional investors own 45.89% of the company’s stock.

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

Pembina Pipeline Corp. (PBA) traded down 0.82% on Wednesday, hitting $31.75. 391,178 shares of the company’s stock were exchanged. The stock has a market cap of $12.73 billion, a P/E ratio of 33.25 and a beta of 0.67. The firm has a 50 day moving average price of $32.29 and a 200-day moving average price of $31.92. Pembina Pipeline Corp. has a 52-week low of $27.44 and a 52-week high of $33.56.

The business also recently disclosed a jun 17 dividend, which will be paid on Saturday, July 15th. Shareholders of record on Sunday, June 25th will be given a dividend of $0.17 per share. This represents a yield of 4.61%. The ex-dividend date of this dividend is Wednesday, June 21st. Pembina Pipeline Corp.’s payout ratio is currently 153.61%.

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Several equities research analysts have recently weighed in on PBA shares. Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, March 1st. Desjardins cut shares of Pembina Pipeline Corp. from a “top pick” rating to a “buy” rating in a report on Monday, February 27th. AltaCorp Capital restated an “outperform” rating on shares of Pembina Pipeline Corp. in a report on Wednesday, May 3rd. Finally, National Bank Financial upgraded shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $42.50.

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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