Intact Investment Management Inc. Has $77.79 Million Holdings in Pembina Pipeline Corp. (NYSE:PBA)

Intact Investment Management Inc. raised its position in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 13.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,944,474 shares of the pipeline company's stock after purchasing an additional 223,100 shares during the quarter. Pembina Pipeline accounts for approximately 2.7% of Intact Investment Management Inc.'s holdings, making the stock its 5th biggest position. Intact Investment Management Inc. owned about 0.33% of Pembina Pipeline worth $77,787,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Pembina Pipeline by 1.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 22,903 shares of the pipeline company's stock valued at $846,000 after acquiring an additional 348 shares during the period. Bank of Nova Scotia Trust Co. grew its stake in shares of Pembina Pipeline by 20.9% during the 4th quarter. Bank of Nova Scotia Trust Co. now owns 337,379 shares of the pipeline company's stock valued at $12,466,000 after acquiring an additional 58,366 shares during the period. Korea Investment CORP grew its stake in shares of Pembina Pipeline by 32.7% during the 4th quarter. Korea Investment CORP now owns 440,818 shares of the pipeline company's stock valued at $16,279,000 after acquiring an additional 108,529 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Pembina Pipeline by 0.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company's stock valued at $230,610,000 after acquiring an additional 32,519 shares during the period. Finally, Aviso Financial Inc. grew its stake in shares of Pembina Pipeline by 10.5% during the 4th quarter. Aviso Financial Inc. now owns 115,035 shares of the pipeline company's stock valued at $4,249,000 after acquiring an additional 10,941 shares during the period. 55.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PBA. Citigroup upgraded Pembina Pipeline from a "neutral" rating to a "buy" rating in a research note on Monday, March 10th. Barclays reissued an "overweight" rating on shares of Pembina Pipeline in a report on Tuesday, June 3rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Up 1.7%

Shares of PBA opened at $37.49 on Friday. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 16.96 and a beta of 0.76. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $43.44. The business's 50 day simple moving average is $37.82 and its 200-day simple moving average is $37.61. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.64 and a quick ratio of 0.52.

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

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a dividend of $0.5109 per share. This represents a $2.04 annualized dividend and a dividend yield of 5.45%. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.48. The ex-dividend date is Monday, June 16th. Pembina Pipeline's dividend 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.

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