Invesco Ltd. Has $100.96 Million Holdings in Pembina Pipeline Corp. $PBA

Key Points

• Invesco Ltd. significantly increased its stake in Pembina Pipeline Corp. by 55.2%, acquiring an additional 897,386 shares during the first quarter, bringing its total ownership to 2,522,129 shares.
• Pembina Pipeline recently announced an increase in its quarterly dividend from $0.51 to $0.71 per share, resulting in an annualized dividend of $2.84 and a yield of 7.7%.
• Analyst opinions on Pembina Pipeline vary, with ratings ranging from "sell" to "strong buy," resulting in an overall average rating of "Moderate Buy" from analysts.

Invesco Ltd. lifted its position in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 55.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,522,129 shares of the pipeline company's stock after purchasing an additional 897,386 shares during the period. Invesco Ltd. owned 0.43% of Pembina Pipeline worth $100,961,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in shares of Pembina Pipeline by 69.9% during the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock worth $27,000 after purchasing an additional 277 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Pembina Pipeline during the 1st quarter worth about $27,000. Larson Financial Group LLC increased its stake in shares of Pembina Pipeline by 53.4% during the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock worth $54,000 after purchasing an additional 467 shares during the last quarter. Dunhill Financial LLC increased its stake in shares of Pembina Pipeline by 100.0% during the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company's stock worth $50,000 after purchasing an additional 675 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Pembina Pipeline by 108.3% during the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company's stock worth $61,000 after purchasing an additional 793 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. National Bank Financial upgraded shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Wells Fargo & Company lowered shares of Pembina Pipeline from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 6th. Jefferies Financial Group lowered shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. National Bankshares upgraded shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research note on Thursday, June 26th. Finally, Wall Street Zen cut shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Performance

Pembina Pipeline stock traded up $0.2050 during trading hours on Thursday, hitting $37.8050. The company had a trading volume of 2,637,403 shares, compared to its average volume of 1,091,146. The firm has a market cap of $21.96 billion, a PE ratio of 17.75 and a beta of 0.78. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. Pembina Pipeline Corp. has a one year low of $34.13 and a one year high of $43.44. The firm has a 50-day moving average of $37.02 and a 200 day moving average of $37.53.

Pembina Pipeline Increases Dividend

The business 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 $0.71 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.84 annualized dividend and a yield of 7.5%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.51. Pembina Pipeline's payout ratio is currently 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.