Louisbourg Investments Inc. Has $4.03 Million Stock Position in Pembina Pipeline Corp. (NYSE:PBA)

Louisbourg Investments Inc. lifted its holdings in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 1,113.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,655 shares of the pipeline company's stock after acquiring an additional 92,361 shares during the quarter. Louisbourg Investments Inc.'s holdings in Pembina Pipeline were worth $4,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in Pembina Pipeline by 3.2% in the 4th quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock valued at $919,503,000 after acquiring an additional 770,729 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Pembina Pipeline by 3.0% during the fourth quarter. Deutsche Bank AG now owns 14,247,662 shares of the pipeline company's stock valued at $526,451,000 after purchasing an additional 413,373 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Pembina Pipeline by 10.6% in the fourth quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company's stock valued at $514,154,000 after purchasing an additional 1,331,294 shares in the last quarter. TD Asset Management Inc. raised its position in Pembina Pipeline by 5.4% in the 4th quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company's stock worth $250,732,000 after purchasing an additional 347,872 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Pembina Pipeline by 0.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,249,624 shares of the pipeline company's stock worth $230,610,000 after purchasing an additional 32,519 shares during the last quarter. 55.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Pembina Pipeline Trading Down 2.8%

PBA stock traded down $1.08 during midday trading on Thursday, reaching $36.85. The company's stock had a trading volume of 2,367,883 shares, compared to its average volume of 1,289,302. The business's 50-day simple moving average is $37.77 and its 200-day simple moving average is $37.65. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 0.75. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The stock has a market cap of $21.41 billion, a PE ratio of 16.67 and a beta of 0.76.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings results 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 analyst estimates of $1.47 billion. Pembina Pipeline had a return on equity of 12.61% and a net margin of 23.73%. The firm's revenue was up 48.2% on a year-over-year basis. During the same period last year, the company earned $0.73 EPS. As a group, sell-side analysts expect 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given 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 dividend yield of 5.55%. The ex-dividend date of this dividend is Monday, June 16th. Pembina Pipeline's payout ratio is presently 93.67%.

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.