Aviso Financial Inc. Boosts Holdings in 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. lifted its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 11.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 128,344 shares of the pipeline company's stock after buying an additional 13,309 shares during the period. Aviso Financial Inc.'s holdings in Pembina Pipeline were worth $5,136,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Pembina Pipeline in the 4th quarter worth approximately $2,995,000. Raymond James Financial Inc. acquired a new stake in Pembina Pipeline during the 4th quarter valued at approximately $2,832,000. Barclays PLC lifted its stake in shares of Pembina Pipeline by 284.1% in the 4th quarter. Barclays PLC now owns 207,306 shares of the pipeline company's stock valued at $7,660,000 after purchasing an additional 153,336 shares during the period. XTX Topco Ltd acquired a new position in shares of Pembina Pipeline in the 4th quarter valued at $389,000. Finally, Guggenheim Capital LLC increased its holdings in Pembina Pipeline by 6.6% in the 4th quarter. Guggenheim Capital LLC now owns 25,055 shares of the pipeline company's stock worth $926,000 after acquiring an additional 1,543 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Performance

Shares of PBA traded up $0.2170 during mid-day trading on Friday, reaching $38.0570. 1,871,528 shares of the company's stock were exchanged, compared to its average volume of 1,181,772. 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 business's fifty day simple moving average is $37.01 and its 200-day simple moving average is $37.54. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $43.44. The stock has a market capitalization of $22.11 billion, a PE ratio of 17.87 and a beta of 0.78.

Pembina Pipeline Increases Dividend

The firm also recently announced 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. This represents a $2.84 dividend on an annualized basis and a yield of 7.5%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, September 15th. Pembina Pipeline's dividend payout ratio is 97.18%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Jefferies Financial Group lowered shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday, July 23rd. Wells Fargo & Company lowered shares of Pembina Pipeline from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 6th. National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Pembina Pipeline in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $56.00.

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.