Pembina Pipeline Corp. $PBA Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. raised its stake in Pembina Pipeline Corp. by 5.6%, bringing its total holdings to approximately $5.95 million after acquiring an additional 7,830 shares during the first quarter.
• Pembina Pipeline has increased its quarterly dividend from $0.51 to $0.71 per share, reflecting an annualized dividend of $2.84 and a yield of 7.6%.
• A mix of institutional investors, including Vanguard Group and Deutsche Bank, have also boosted their stakes in Pembina Pipeline, contributing to over 55% ownership by hedge funds and other institutional investors.

American Century Companies Inc. lifted its stake in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 5.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,783 shares of the pipeline company's stock after buying an additional 7,830 shares during the quarter. American Century Companies Inc.'s holdings in Pembina Pipeline were worth $5,951,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Cetera Investment Advisers boosted its position in Pembina Pipeline by 6.2% during the first quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company's stock worth $1,933,000 after purchasing an additional 2,834 shares in the last quarter. Westwood Holdings Group Inc. boosted its position in Pembina Pipeline by 25.2% during the first quarter. Westwood Holdings Group Inc. now owns 1,428,833 shares of the pipeline company's stock worth $57,196,000 after purchasing an additional 288,003 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Pembina Pipeline by 11.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company's stock valued at $728,000 after acquiring an additional 1,824 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Pembina Pipeline by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company's stock valued at $62,839,000 after acquiring an additional 25,265 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its holdings in shares of Pembina Pipeline by 18.0% during the first quarter. Catalyst Capital Advisors LLC now owns 445,057 shares of the pipeline company's stock valued at $17,816,000 after acquiring an additional 67,797 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 0.6%

PBA stock traded up $0.22 during midday trading on Monday, hitting $37.75. 979,187 shares of the company's stock were exchanged, compared to its average volume of 1,483,366. Pembina Pipeline Corp. has a 1-year low of $34.13 and a 1-year high of $43.44. The business has a 50-day simple moving average of $37.04 and a two-hundred day simple moving average of $37.59. The stock has a market capitalization of $21.93 billion, a PE ratio of 17.72 and a beta of 0.79. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Monday, September 15th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.5%. Pembina Pipeline's payout ratio is presently 97.18%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wall Street Zen cut 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. Wells Fargo & Company cut Pembina Pipeline from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 6th. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Finally, Barclays reissued an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Pembina Pipeline Company 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.