Mackenzie Financial Corp Raises Holdings in Pembina Pipeline Co. (NYSE:PBA)

Mackenzie Financial Corp boosted its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,930,847 shares of the pipeline company's stock after purchasing an additional 1,331,294 shares during the quarter. Mackenzie Financial Corp owned about 2.40% of Pembina Pipeline worth $514,154,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PBA. Vanguard Group Inc. lifted its position in shares of Pembina Pipeline by 3.2% during the 4th quarter. Vanguard Group Inc. now owns 24,887,077 shares of the pipeline company's stock worth $919,503,000 after buying an additional 770,729 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Pembina Pipeline by 3.0% during the 4th quarter. Deutsche Bank AG now owns 14,247,662 shares of the pipeline company's stock worth $526,451,000 after buying an additional 413,373 shares during the last quarter. TD Asset Management Inc. lifted its position in shares of Pembina Pipeline by 5.4% during the 4th quarter. TD Asset Management Inc. now owns 6,789,722 shares of the pipeline company's stock worth $250,732,000 after buying an additional 347,872 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position 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 worth $230,610,000 after buying an additional 32,519 shares during the last quarter. Finally, Scotia Capital Inc. lifted its position in shares of Pembina Pipeline by 1.7% during the 4th quarter. Scotia Capital Inc. now owns 4,969,977 shares of the pipeline company's stock worth $183,596,000 after buying an additional 85,121 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Citigroup raised 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

Pembina Pipeline Stock Performance

NYSE:PBA traded down $0.16 during trading hours on Thursday, reaching $37.23. The stock had a trading volume of 555,934 shares, compared to its average volume of 1,270,419. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The stock has a 50 day simple moving average of $38.03 and a 200 day simple moving average of $38.08. Pembina Pipeline Co. has a 12-month low of $34.13 and a 12-month high of $43.44. The stock has a market cap of $21.62 billion, a P/E ratio of 15.38 and a beta of 0.81.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings results on Thursday, May 8th. The pipeline company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.23. The company had revenue of $1.14 billion during the quarter, compared to analysts' expectations of $1.47 billion. Pembina Pipeline had a return on equity of 13.62% and a net margin of 25.39%. The firm's quarterly revenue was up 48.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. On average, research analysts forecast that Pembina Pipeline Co. will post 2.15 EPS for the current fiscal 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 paid a $0.5109 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. Pembina Pipeline's payout ratio is 89.14%.

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.