Renaissance Technologies LLC increased its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 146.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 440,706 shares of the pipeline company’s stock after buying an additional 261,600 shares during the period. Renaissance Technologies LLC owned approximately 0.11% of Pembina Pipeline Corp. worth $13,977,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PBA. CAPROCK Group Inc. increased its position in shares of Pembina Pipeline Corp. by 7.5% in the first quarter. CAPROCK Group Inc. now owns 9,944 shares of the pipeline company’s stock valued at $315,000 after buying an additional 695 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position 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 increased its position 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. increased its position in 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. Finally, Capstone Asset Management Co. increased its position in 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. 46.73% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Corp. (NYSE:PBA) traded down 0.60% on Tuesday, hitting $33.13. 336,229 shares of the company were exchanged. The stock has a market capitalization of $13.35 billion, a P/E ratio of 32.61 and a beta of 0.71. The company has a 50 day moving average price of $33.48 and a 200-day moving average price of $32.42. Pembina Pipeline Corp. has a 52 week low of $27.44 and a 52 week high of $34.97.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.08. Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.59%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same period last year, the company posted $0.25 earnings per share. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. On average, equities analysts expect that Pembina Pipeline Corp. will post $1.37 earnings per share for the current fiscal year.

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

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Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Zacks Investment Research downgraded shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday. AltaCorp Capital raised shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. Finally, National Bank Financial raised shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Pembina Pipeline Corp. has an average rating of “Buy” and a consensus target price 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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