Dimensional Fund Advisors LP increased its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 13.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 178,139 shares of the pipeline company’s stock after acquiring an additional 20,514 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Pembina Pipeline Corp. were worth $5,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of PBA. AQR Capital Management LLC increased its stake in Pembina Pipeline Corp. by 136.8% during the 1st quarter. AQR Capital Management LLC now owns 47,766 shares of the pipeline company’s stock valued at $1,509,000 after purchasing an additional 27,591 shares in the last quarter. Forsta AP Fonden increased its stake in Pembina Pipeline Corp. by 237.5% during the 2nd quarter. Forsta AP Fonden now owns 453,295 shares of the pipeline company’s stock valued at $14,991,000 after purchasing an additional 319,000 shares in the last quarter. APG Asset Management N.V. increased its stake in Pembina Pipeline Corp. by 0.3% during the 2nd quarter. APG Asset Management N.V. now owns 488,135 shares of the pipeline company’s stock valued at $20,965,000 after purchasing an additional 1,440 shares in the last quarter. Baskin Financial Services Inc. increased its stake in Pembina Pipeline Corp. by 0.3% during the 2nd quarter. Baskin Financial Services Inc. now owns 280,672 shares of the pipeline company’s stock valued at $9,285,000 after purchasing an additional 860 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Pembina Pipeline Corp. during the 2nd quarter valued at about $1,041,000. Institutional investors own 39.39% of the company’s stock.
Shares of Pembina Pipeline Corp. (NYSE:PBA) opened at $34.54 on Tuesday. The firm has a market cap of $17,480.00, a PE ratio of 35.13 and a beta of 0.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. Pembina Pipeline Corp. has a 12 month low of $28.30 and a 12 month high of $36.29.
The company also recently disclosed a nov 17 dividend, which will be paid on Friday, December 15th. Shareholders of record on Saturday, November 25th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 22nd. This represents a yield of 4.73%. Pembina Pipeline Corp.’s dividend payout ratio is currently 171.72%.
A number of analysts have weighed in on PBA shares. BidaskClub lowered shares of Pembina Pipeline Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Zacks Investment Research lowered shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $41.50.
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Pembina Pipeline Corp. Profile
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.
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