Aviso Financial Inc. Acquires 13,309 Shares of Pembina Pipeline Corp. $PBA

Key Points

• Aviso Financial Inc. increased its holdings in Pembina Pipeline Corp. by 11.6% in the first quarter, owning a total of 128,344 shares valued at $5,136,000.
• Pembina Pipeline announced an increase in its quarterly dividend to $0.71, with a payout ratio of 95.77%, representing a 7.7% yield.
• Analysts maintain a consensus rating of "Moderate Buy" on Pembina Pipeline, with an average price target of $56.00.

Aviso Financial Inc. boosted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,344 shares of the pipeline company's stock after buying an additional 13,309 shares during the quarter. Aviso Financial Inc.'s holdings in Pembina Pipeline were worth $5,136,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in shares of Pembina Pipeline by 6.2% in 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 during the period. Westwood Holdings Group Inc. boosted its position in shares of Pembina Pipeline by 25.2% in 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 during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Pembina Pipeline by 11.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company's stock worth $728,000 after purchasing an additional 1,824 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Pembina Pipeline by 1.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company's stock worth $62,839,000 after purchasing an additional 25,265 shares during the period. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Pembina Pipeline by 18.0% in the first quarter. Catalyst Capital Advisors LLC now owns 445,057 shares of the pipeline company's stock worth $17,816,000 after purchasing an additional 67,797 shares during the period. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Trading Up 0.6%

Shares of PBA traded up $0.2170 during midday trading on Friday, hitting $38.0570. The stock had a trading volume of 1,695,495 shares, compared to its average volume of 1,331,929. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $43.44. The firm has a market cap of $22.11 billion, a PE ratio of 17.87 and a beta of 0.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The stock's 50 day moving average is $37.02 and its 200 day moving average is $37.53.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a $0.71 dividend. The ex-dividend date 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 dividend payout ratio (DPR) is currently 97.18%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PBA. Raymond James Financial reiterated an "outperform" rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Wall Street Zen lowered shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, Pembina Pipeline presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

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.