Pembina Pipeline Corp. $PBA Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. boosted its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 66.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,089 shares of the pipeline company’s stock after purchasing an additional 50,823 shares during the quarter. ASR Vermogensbeheer N.V.’s holdings in Pembina Pipeline were worth $4,762,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Pembina Pipeline by 1.6% in the first quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company’s stock worth $1,011,833,000 after purchasing an additional 409,379 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Pembina Pipeline by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock worth $283,770,000 after acquiring an additional 3,108,920 shares during the period. TD Asset Management Inc lifted its stake in shares of Pembina Pipeline by 2.4% in the 1st quarter. TD Asset Management Inc now owns 6,950,836 shares of the pipeline company’s stock worth $277,985,000 after acquiring an additional 161,114 shares during the period. Scotia Capital Inc. lifted its stake in shares of Pembina Pipeline by 5.2% in the 1st quarter. Scotia Capital Inc. now owns 5,230,781 shares of the pipeline company’s stock worth $208,856,000 after acquiring an additional 260,804 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Pembina Pipeline by 136.7% in the first quarter. The Manufacturers Life Insurance Company now owns 3,995,460 shares of the pipeline company’s stock worth $160,681,000 after purchasing an additional 2,307,634 shares during the period. Institutional investors own 55.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PBA. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Pembina Pipeline in a research note on Saturday, September 27th. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Pembina Pipeline Trading Up 6.3%

Pembina Pipeline stock opened at $42.18 on Friday. The company has a 50 day moving average price of $38.17 and a 200 day moving average price of $37.90. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 19.80 and a beta of 0.76.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 6.7%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, September 15th. Pembina Pipeline’s payout ratio is 97.18%.

Pembina Pipeline Profile

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.