Cerity Partners LLC Purchases 24,075 Shares of Pembina Pipeline Corp. (NYSE:PBA)

Cerity Partners LLC raised its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 90.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 50,836 shares of the pipeline company's stock after buying an additional 24,075 shares during the period. Cerity Partners LLC's holdings in Pembina Pipeline were worth $2,035,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Pembina Pipeline by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock valued at $919,503,000 after acquiring an additional 770,729 shares during the last quarter. Deutsche Bank AG lifted its position in Pembina Pipeline by 3.0% during the 4th quarter. Deutsche Bank AG now owns 14,247,662 shares of the pipeline company's stock valued at $526,451,000 after purchasing an additional 413,373 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Pembina Pipeline by 10.6% in the 4th quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock valued at $514,154,000 after purchasing an additional 1,331,294 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Pembina Pipeline by 5.4% during the 4th quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company's stock worth $250,732,000 after buying an additional 347,872 shares during the period. Finally, Scotia Capital Inc. raised its stake in shares of Pembina Pipeline by 1.7% during the fourth quarter. Scotia Capital Inc. now owns 4,969,977 shares of the pipeline company's stock worth $183,596,000 after buying an additional 85,121 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on PBA shares. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Jefferies Financial Group downgraded Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Wednesday. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Finally, Barclays reiterated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Pembina Pipeline currently has an average rating of "Moderate Buy" and an average target price of $56.00.

Pembina Pipeline Stock Down 0.8%

Shares of NYSE PBA traded down $0.31 during mid-day trading on Thursday, reaching $37.08. 824,888 shares of the company's stock were exchanged, compared to its average volume of 1,074,465. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve month high of $43.44. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $21.54 billion, a price-to-earnings ratio of 16.78 and a beta of 0.76. The business has a fifty day simple moving average of $37.33 and a 200 day simple moving average of $37.53.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its earnings results on Thursday, May 8th. The pipeline company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.57 by $0.23. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.47 billion. Pembina Pipeline had a net margin of 23.73% and a return on equity of 12.61%. The business's quarterly revenue was up 48.2% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. As a group, equities analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a $0.5109 dividend. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 5.51%. The ex-dividend date was Monday, June 16th. Pembina Pipeline's payout ratio is currently 93.67%.

About Pembina Pipeline

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.