Nexus Investment Management Inc. continued to hold its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,000 shares of the pipeline company’s stock at the end of the second quarter. Nexus Investment Management Inc.’s holdings in Pembina Pipeline Corp. were worth $629,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Candriam Luxembourg S.C.A. boosted its stake in shares of Pembina Pipeline Corp. by 9.0% in the first quarter. Candriam Luxembourg S.C.A. now owns 28,664 shares of the pipeline company’s stock valued at $906,000 after buying an additional 2,367 shares during the last quarter. Huntington National Bank raised 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 valued at $152,000 after buying an additional 341 shares during the last quarter. Barometer Capital Management Inc. raised its stake in shares of Pembina Pipeline Corp. by 31.1% in the first quarter. Barometer Capital Management Inc. now owns 717,681 shares of the pipeline company’s stock valued at $22,758,000 after buying an additional 170,299 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Pembina Pipeline Corp. by 9.0% in the first quarter. Capstone Asset Management Co. now owns 272,635 shares of the pipeline company’s stock valued at $8,645,000 after buying an additional 22,408 shares during the last quarter. Finally, Addenda Capital Inc. raised its stake in shares of Pembina Pipeline Corp. by 479.4% in the first quarter. Addenda Capital Inc. now owns 413,994 shares of the pipeline company’s stock valued at $13,133,000 after buying an additional 342,540 shares during the last quarter. 46.57% of the stock is owned by institutional investors.

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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last issued 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. 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 during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the company posted $0.25 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year. Equities analysts predict that Pembina Pipeline Corp. will post $1.41 earnings per share for the current year.

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

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PBA has been the topic of several research analyst reports. AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. BidaskClub upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered Pembina Pipeline Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, National Bank Financial upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average 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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