Envestnet Asset Management Inc. Increases Holdings in Pembina Pipeline Corp. (NYSE:PBA)

Envestnet Asset Management Inc. boosted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,387 shares of the pipeline company's stock after buying an additional 12,515 shares during the period. Envestnet Asset Management Inc. owned approximately 0.06% of Pembina Pipeline worth $12,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in Pembina Pipeline during the 4th quarter worth about $171,860,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Pembina Pipeline by 1,591.4% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,155,558 shares of the pipeline company's stock worth $116,440,000 after buying an additional 2,968,994 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Pembina Pipeline in the fourth quarter valued at about $73,073,000. Mackenzie Financial Corp grew its stake in shares of Pembina Pipeline by 10.6% during the fourth quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock valued at $514,154,000 after acquiring an additional 1,331,294 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in Pembina Pipeline by 338.7% in the fourth quarter. Hillsdale Investment Management Inc. now owns 1,289,706 shares of the pipeline company's stock worth $47,598,000 after acquiring an additional 995,735 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 research analysts have issued reports on PBA shares. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Finally, National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Trading Down 1.4%

NYSE:PBA traded down $0.52 during trading hours on Monday, reaching $36.74. The company's stock had a trading volume of 815,645 shares, compared to its average volume of 1,299,102. The firm has a 50-day simple moving average of $37.34 and a 200-day simple moving average of $37.53. The firm has a market capitalization of $21.34 billion, a price-to-earnings ratio of 16.62 and a beta of 0.76. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.52 and a current ratio of 0.64. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $43.44.

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

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a dividend of $0.5109 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is 93.21%.

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.