Amundi Boosts Stake in Pembina Pipeline Corp. $PBA

Amundi increased its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 15.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,892,496 shares of the pipeline company's stock after acquiring an additional 514,786 shares during the period. Amundi owned approximately 0.67% of Pembina Pipeline worth $180,028,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Western Wealth Management LLC purchased a new position in shares of Pembina Pipeline during the 1st quarter valued at approximately $25,000. Tobam purchased a new position in Pembina Pipeline during the fourth quarter valued at $28,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline during the second quarter valued at $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Pembina Pipeline in the second quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Pembina Pipeline during the 3rd quarter worth approximately $31,000. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Up 1.7%

Shares of PBA stock opened at $49.21 on Wednesday. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78. Pembina Pipeline Corp. has a twelve month low of $36.20 and a twelve month high of $51.58. The company's 50-day moving average price is $48.87 and its 200-day moving average price is $46.86. The stock has a market cap of $28.62 billion, a price-to-earnings ratio of 24.12 and a beta of 0.58.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued its earnings results on Thursday, July 30th. The pipeline company reported $0.48 EPS for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The firm had revenue of $1.07 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same period last year, the firm earned $0.65 earnings per share. Pembina Pipeline's revenue for the quarter was up 20.1% on a year-over-year basis. As a group, equities analysts predict that Pembina Pipeline Corp. will post 2.23 earnings per share for the current year.

Pembina Pipeline Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Pembina Pipeline's dividend payout ratio (DPR) is 104.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PBA shares. Wall Street Zen upgraded Pembina Pipeline from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. BMO Capital Markets reaffirmed a "market perform" rating on shares of Pembina Pipeline in a research note on Friday, July 31st. TD Securities reaffirmed a "buy" rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Finally, Scotiabank cut shares of Pembina Pipeline from a "sector outperform" rating to a "sector perform" rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $64.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation NYSE: PBA is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company's asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.

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