Price T Rowe Associates Inc. MD lifted its holdings in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 2.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 17,820 shares of the pipeline company’s stock after acquiring an additional 422 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Pembina Pipeline were worth $665,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PBA. Belpointe Asset Management LLC acquired a new position in Pembina Pipeline during the first quarter valued at approximately $425,000. GYL Financial Synergies LLC bought a new position in Pembina Pipeline in the first quarter valued at approximately $462,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lifted its stake in Pembina Pipeline by 5.9% in the first quarter. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund now owns 270,100 shares of the pipeline company’s stock valued at $13,259,000 after buying an additional 15,000 shares in the last quarter. Nordea Investment Management AB lifted its stake in Pembina Pipeline by 37.4% in the first quarter. Nordea Investment Management AB now owns 33,797 shares of the pipeline company’s stock valued at $1,659,000 after buying an additional 9,200 shares in the last quarter. Finally, Hexavest Inc. lifted its stake in Pembina Pipeline by 180.9% in the second quarter. Hexavest Inc. now owns 68,299 shares of the pipeline company’s stock valued at $2,548,000 after buying an additional 43,981 shares in the last quarter. Institutional investors own 52.21% of the company’s stock.

Shares of PBA stock traded down $0.40 during trading on Monday, reaching $35.33. The company’s stock had a trading volume of 8,862 shares, compared to its average volume of 829,310. The business has a fifty day moving average price of $36.62 and a 200-day moving average price of $36.72. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.64. The company has a market cap of $18.18 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 3.31 and a beta of 0.73. Pembina Pipeline Corp has a one year low of $28.30 and a one year high of $38.56.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, August 1st. The pipeline company reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.81. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.68 billion. Pembina Pipeline had a net margin of 22.20% and a return on equity of 13.92%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Research analysts anticipate that Pembina Pipeline Corp will post 2.15 EPS for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be given a $0.151 dividend. This represents a $1.81 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date is Thursday, October 24th. Pembina Pipeline’s dividend payout ratio is presently 101.69%.

A number of research analysts have weighed in on PBA shares. Zacks Investment Research raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, October 9th. ValuEngine raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.00.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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

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