DekaBank Deutsche Girozentrale Purchases 4,175 Shares of Pembina Pipeline Corp. $PBA

DekaBank Deutsche Girozentrale raised its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,187,064 shares of the pipeline company’s stock after buying an additional 4,175 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.38% of Pembina Pipeline worth $81,489,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. First Horizon Advisors Inc. grew its stake in shares of Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 277 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Pembina Pipeline during the first quarter valued at about $27,000. Larson Financial Group LLC boosted its position in Pembina Pipeline by 53.4% during the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock worth $54,000 after purchasing an additional 467 shares during the period. Ameritas Advisory Services LLC bought a new position in Pembina Pipeline during the second quarter worth about $66,000. Finally, Hexagon Capital Partners LLC boosted its position in Pembina Pipeline by 17.0% during the first quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company’s stock worth $96,000 after purchasing an additional 349 shares during the period. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PBA shares. Wells Fargo & Company cut shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pembina Pipeline in a report on Wednesday, October 8th. National Bank Financial upgraded Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 25th. Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Stock Up 0.4%

Shares of NYSE:PBA opened at $37.85 on Wednesday. The firm has a fifty day moving average price of $38.75 and a two-hundred day moving average price of $37.82. The company has a market cap of $21.99 billion, a price-to-earnings ratio of 17.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. Pembina Pipeline Corp. has a one year low of $34.13 and a one year high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were given a dividend of $0.71 per share. The ex-dividend date was Monday, September 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 annualized dividend and a yield of 7.5%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 97.18%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.