Pembina Pipeline Corp. $PBA Shares Purchased by Amundi

Key Points

• Amundi has increased its ownership of Pembina Pipeline Corp. by 2.3%, acquiring an additional 60,499 shares and bringing its total to 2,684,444 shares, valued at approximately $108.5 million.
• Pembina Pipeline recently increased its quarterly dividend to $0.71, up from $0.51, representing an annualized yield of 7.5%.
• Several analysts have varied opinions on Pembina Pipeline, with consensus ratings ranging from Strong Buy to Moderate Buy, indicating mixed sentiment among market experts.

Amundi lifted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 2.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,684,444 shares of the pipeline company's stock after purchasing an additional 60,499 shares during the quarter. Amundi owned about 0.46% of Pembina Pipeline worth $108,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in shares of Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after buying an additional 277 shares during the last quarter. JCIC Asset Management Inc. boosted its holdings in Pembina Pipeline by 6.8% in the first quarter. JCIC Asset Management Inc. now owns 5,133 shares of the pipeline company's stock valued at $205,000 after acquiring an additional 325 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in Pembina Pipeline by 17.0% in the first quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company's stock valued at $96,000 after acquiring an additional 349 shares during the last quarter. Albert D Mason Inc. grew its position in Pembina Pipeline by 1.0% during the first quarter. Albert D Mason Inc. now owns 43,073 shares of the pipeline company's stock valued at $1,724,000 after acquiring an additional 426 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in Pembina Pipeline by 1.3% during the first quarter. Crossmark Global Holdings Inc. now owns 34,057 shares of the pipeline company's stock worth $1,363,000 after acquiring an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Up 0.7%

Shares of PBA traded up $0.29 during mid-day trading on Thursday, reaching $39.01. 1,378,568 shares of the stock traded hands, compared to its average volume of 1,405,709. The stock has a fifty day simple moving average of $37.20 and a 200 day simple moving average of $37.68. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $43.44. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 18.31 and a beta of 0.79.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.71 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.84 dividend on an annualized basis and a yield of 7.3%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.51. Pembina Pipeline's dividend payout ratio (DPR) is presently 95.77%.

Analyst Upgrades and Downgrades

PBA has been the topic of several research analyst reports. Jefferies Financial Group lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. BMO Capital Markets restated an "outperform" rating on shares of Pembina Pipeline in a report on Monday, August 11th. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd. Finally, Raymond James Financial restated 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 assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of "Moderate Buy".

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.