Pembina Pipeline Corp. $PBA Shares Acquired by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. increased its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 257.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 192,120 shares of the pipeline company’s stock after purchasing an additional 138,320 shares during the quarter. Pembina Pipeline accounts for 2.5% of PCJ Investment Counsel Ltd.’s investment portfolio, making the stock its 11th largest position. PCJ Investment Counsel Ltd.’s holdings in Pembina Pipeline were worth $7,210,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PBA. Goldman Sachs Group Inc. increased its holdings in Pembina Pipeline by 78.1% in the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after buying an additional 3,108,920 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Pembina Pipeline by 136.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 3,995,460 shares of the pipeline company’s stock worth $160,681,000 after acquiring an additional 2,307,634 shares during the period. Nuveen LLC acquired a new stake in shares of Pembina Pipeline in the 1st quarter worth approximately $83,743,000. MUFG Securities EMEA plc purchased a new position in Pembina Pipeline in the 2nd quarter valued at approximately $52,514,000. Finally, AGF Management Ltd. raised its holdings in Pembina Pipeline by 108.0% during the second quarter. AGF Management Ltd. now owns 2,158,772 shares of the pipeline company’s stock worth $81,138,000 after purchasing an additional 1,120,902 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Price Performance

NYSE:PBA opened at $37.12 on Friday. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $43.44. The firm has a market cap of $21.57 billion, a price-to-earnings ratio of 17.43 and a beta of 0.75. The company’s 50-day moving average is $38.88 and its two-hundred day moving average is $37.93. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). The firm had revenue of $911.47 million for the quarter, compared to analysts’ expectations of $1.42 billion. Pembina Pipeline had a return on equity of 12.27% and a net margin of 23.24%.The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Research analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.71 dividend. The ex-dividend date is Monday, December 15th. This represents a $2.84 annualized dividend and a yield of 7.7%. Pembina Pipeline’s payout ratio is 96.71%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PBA. Wall Street Zen lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Wells Fargo & Company lowered shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Jefferies Financial Group cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Wednesday, July 23rd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.