Louisbourg Investments Inc. Increases Stock Holdings in Pembina Pipeline Corp. $PBA

Key Points

• Louisbourg Investments Inc. increased its stock holdings in Pembina Pipeline Corp. by 70.2%, acquiring a total of 171,325 shares during the second quarter, which now represents approximately 1.4% of its portfolio.
• Pembina Pipeline recently announced a quarterly dividend of $0.71, a significant increase from the previous $0.51, resulting in a 7.3% dividend yield.
• Analysts have varied opinions on Pembina Pipeline stock, with recent ratings including "downgraded" to "hold" by Jefferies Financial and a "strong buy" upgrade from National Bank Financial.

Louisbourg Investments Inc. lifted its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 70.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,325 shares of the pipeline company's stock after buying an additional 70,670 shares during the quarter. Pembina Pipeline makes up approximately 1.4% of Louisbourg Investments Inc.'s portfolio, making the stock its 26th biggest holding. Louisbourg Investments Inc.'s holdings in Pembina Pipeline were worth $6,421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PBA. First Horizon Advisors Inc. raised its stake in Pembina Pipeline by 69.9% in the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after purchasing an additional 277 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in Pembina Pipeline in the first quarter valued at approximately $27,000. Larson Financial Group LLC raised its stake in Pembina Pipeline by 53.4% in the first quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company's stock valued at $54,000 after purchasing an additional 467 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Pembina Pipeline in the second quarter valued at approximately $66,000. Finally, Dunhill Financial LLC raised its stake in Pembina Pipeline by 42.6% in the first quarter. Dunhill Financial LLC now owns 1,925 shares of the pipeline company's stock valued at $77,000 after purchasing an additional 575 shares in the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Stock Down 1.6%

Shares of NYSE PBA opened at $39.00 on Friday. Pembina Pipeline Corp. has a one year low of $34.13 and a one year high of $43.44. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. The firm's 50 day simple moving average is $38.49 and its two-hundred day simple moving average is $37.91. The stock has a market capitalization of $22.66 billion, a P/E ratio of 18.31 and a beta of 0.76.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a $0.71 dividend. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.51. This represents a $2.84 annualized dividend and a dividend yield of 7.3%. The ex-dividend date was Monday, September 15th. Pembina Pipeline's dividend payout ratio (DPR) is 97.18%.

Analysts Set New Price Targets

PBA has been the topic of a number of recent analyst reports. Jefferies Financial Group downgraded shares of Pembina Pipeline from a "buy" rating to a "hold" rating in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Pembina Pipeline in a research note on Wednesday. Raymond James Financial reaffirmed an "outperform" rating on shares of Pembina Pipeline in a research note on Monday, August 11th. 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. Finally, Wells Fargo & Company cut shares of Pembina Pipeline from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

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.

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