Envestnet Asset Management Inc. Buys 12,515 Shares of Pembina Pipeline Corp. (NYSE:PBA)

Envestnet Asset Management Inc. increased its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 4.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 321,387 shares of the pipeline company's stock after acquiring 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 SEC filing.

Other large investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Pembina Pipeline by 11.2% during 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 in the last quarter. Bank of Nova Scotia Trust Co. lifted its stake in shares of Pembina Pipeline by 20.9% during the fourth quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock worth $12,466,000 after purchasing an additional 58,366 shares in the last quarter. Catalyst Capital Advisors LLC lifted its stake in shares of Pembina Pipeline by 18.0% during 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 in the last quarter. Korea Investment CORP lifted its stake in shares of Pembina Pipeline by 32.7% during the fourth quarter. Korea Investment CORP now owns 440,818 shares of the pipeline company's stock worth $16,279,000 after purchasing an additional 108,529 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Pembina Pipeline during the fourth quarter worth about $459,000. Institutional investors and hedge funds own 55.37% of the company's stock.

Pembina Pipeline Trading Up 0.5%

NYSE PBA traded up $0.18 on Wednesday, hitting $37.38. 978,281 shares of the stock were exchanged, compared to its average volume of 1,298,346. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $43.44. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.64 and a quick ratio of 0.52. The company has a market capitalization of $21.72 billion, a price-to-earnings ratio of 16.91 and a beta of 0.76. The company's 50-day moving average price is $37.34 and its two-hundred day moving average price is $37.52.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last issued 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. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The business had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. During the same quarter last year, the firm posted $0.73 earnings per share. Pembina Pipeline's revenue was up 48.2% compared to the same quarter last year. Research analysts predict that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.5109 per share. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $2.04 annualized dividend and a yield of 5.47%. The ex-dividend date was Monday, June 16th. Pembina Pipeline's dividend payout ratio (DPR) is 93.67%.

Analyst Ratings Changes

Several research analysts recently commented on PBA shares. National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Jefferies Financial Group lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. Finally, Barclays reissued 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 issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Pembina Pipeline 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.