Charles Schwab Investment Management Inc. Acquires 25,265 Shares of Pembina Pipeline Corp. $PBA

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Pembina Pipeline Corp. by 1.6% in Q1, holding approximately 1.57 million shares valued at $62.8 million.
• Pembina Pipeline recently raised its quarterly dividend to $0.71 per share, reflecting an annual yield of 7.7%, with a dividend payout ratio of 97.18%.
• Equities analysts have mixed ratings for Pembina Pipeline, with two sell ratings, six buy ratings, and an average rating of "Moderate Buy" alongside a consensus price target of $56.00.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,571,245 shares of the pipeline company's stock after purchasing an additional 25,265 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.27% of Pembina Pipeline worth $62,839,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. raised its holdings in shares of Pembina Pipeline by 69.9% during the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after acquiring an additional 277 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Pembina Pipeline in the first quarter worth $27,000. Dunhill Financial LLC grew its stake in shares of Pembina Pipeline by 100.0% in the fourth quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock worth $50,000 after acquiring an additional 675 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Pembina Pipeline by 53.4% in the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $54,000 after acquiring an additional 467 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Pembina Pipeline by 108.3% during the first quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock valued at $61,000 after buying an additional 793 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on PBA shares. Wall Street Zen cut Pembina Pipeline from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. National Bankshares raised Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Raymond James Financial reissued an "outperform" rating on shares of Pembina Pipeline in a report on Monday, August 11th. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company downgraded Pembina Pipeline from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

Pembina Pipeline Price Performance

PBA traded up $0.0050 on Tuesday, hitting $36.6650. 158,449 shares of the company's stock traded hands, compared to its average volume of 1,308,414. The company's 50 day simple moving average is $37.04 and its 200-day simple moving average is $37.52. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 17.21 and a beta of 0.78. Pembina Pipeline Corp. has a one year low of $34.13 and a one year high of $43.44. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.71 per share. The ex-dividend date is Monday, September 15th. This represents a $2.84 annualized dividend and a yield of 7.7%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.51. Pembina Pipeline's dividend payout ratio (DPR) is 97.18%.

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.