Meag Munich Ergo Kapitalanlagegesellschaft MBH maintained its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,825 shares of the pipeline company’s stock at the end of the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Pembina Pipeline Corp. were worth $2,401,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of PBA. HighTower Advisors LLC boosted its position in shares of Pembina Pipeline Corp. by 1.2% in the first quarter. HighTower Advisors LLC now owns 7,730 shares of the pipeline company’s stock valued at $245,000 after buying an additional 93 shares during the period. Girard Partners LTD. boosted its position in shares of Pembina Pipeline Corp. by 0.8% in the first quarter. Girard Partners LTD. now owns 11,401 shares of the pipeline company’s stock valued at $362,000 after buying an additional 95 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Pembina Pipeline Corp. by 1.7% in the first quarter. Janney Montgomery Scott LLC now owns 7,578 shares of the pipeline company’s stock valued at $240,000 after buying an additional 128 shares during the period. Cornerstone Wealth Management LLC boosted its position 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 valued at $228,000 after buying an additional 164 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position 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 valued at $120,000 after buying an additional 335 shares during the period. 46.73% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Corp. (NYSE PBA) opened at 33.60 on Monday. The stock has a market capitalization of $13.54 billion, a PE ratio of 33.07 and a beta of 0.71. Pembina Pipeline Corp. has a 12-month low of $27.44 and a 12-month high of $34.97. The stock’s 50 day moving average is $33.40 and its 200 day moving average is $32.39.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.08. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the business earned $0.25 earnings per share. Equities analysts anticipate that Pembina Pipeline Corp. will post $1.39 EPS for the current fiscal year.

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

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Several research analysts have issued reports on the stock. BidaskClub cut shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, July 21st. Finally, AltaCorp Capital raised shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.50.

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.

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

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