Pacifica Partners Inc. Increases Stake in Pembina Pipeline Corp. $PBA

Key Points

• Pacifica Partners Inc. increased its holdings in Pembina Pipeline Corp. by 362.5% during Q2, acquiring an additional 10,675 shares for a total of 13,620 shares valued at approximately $508,000.
• Pembina recently declared a quarterly dividend of $0.71, which represents an annual yield of 7.1%, an increase from the previous quarterly dividend of $0.51.
• Despite a mix of ratings from analysts, the consensus rating for Pembina Pipeline shares is currently classified as a "Moderate Buy", reflecting varying investor opinions on the stock's performance.

Pacifica Partners Inc. lifted its stake in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 362.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,620 shares of the pipeline company's stock after buying an additional 10,675 shares during the quarter. Pacifica Partners Inc.'s holdings in Pembina Pipeline were worth $508,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of PBA. Cetera Investment Advisers lifted its holdings in shares of Pembina Pipeline by 6.2% in the first quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company's stock valued at $1,933,000 after buying an additional 2,834 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Pembina Pipeline by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company's stock valued at $283,770,000 after purchasing an additional 3,108,920 shares in the last quarter. Westwood Holdings Group Inc. grew its holdings in Pembina Pipeline by 25.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,428,833 shares of the pipeline company's stock worth $57,196,000 after acquiring an additional 288,003 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Pembina Pipeline by 11.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company's stock valued at $728,000 after purchasing an additional 1,824 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Pembina Pipeline by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company's stock worth $62,839,000 after buying an additional 25,265 shares during the period. 55.37% of the stock is owned by institutional investors and hedge funds.

Pembina Pipeline Stock Down 0.7%

Shares of NYSE:PBA traded down $0.28 during midday trading on Monday, reaching $39.73. The company's stock had a trading volume of 938,282 shares, compared to its average volume of 1,334,220. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $43.44. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $23.08 billion, a P/E ratio of 18.65 and a beta of 0.79. The firm has a 50 day moving average of $37.58 and a 200-day moving average of $37.78.

Pembina Pipeline Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a $0.71 dividend. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.51. The ex-dividend date is Monday, September 15th. This represents a $2.84 annualized dividend and a dividend yield of 7.1%. Pembina Pipeline's dividend payout ratio (DPR) is currently 96.24%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. Barclays restated an "overweight" rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd. BMO Capital Markets reiterated an "outperform" rating on shares of Pembina Pipeline in a research note on Monday, August 11th. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen lowered Pembina Pipeline from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pembina Pipeline currently has a consensus 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.