Pembina Pipeline Corp. $PBA Shares Acquired by Lincluden Management Ltd.

Key Points

• Lincluden Management Ltd. increased its holdings in Pembina Pipeline Corp. by 13.2% during the second quarter, bringing its total to approximately 859,879 shares, valued at around $32.26 million.
• Pembina Pipeline recently announced a quarterly dividend increase to $0.71 per share, up from $0.51, reflecting a dividend yield of 7.3%.
• The stock has received mixed ratings from analysts, with one rating it as a Strong Buy and another as a Sell, resulting in an average rating of "Moderate Buy".

Lincluden Management Ltd. lifted its position in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 13.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 859,879 shares of the pipeline company's stock after purchasing an additional 100,472 shares during the quarter. Pembina Pipeline accounts for 3.6% of Lincluden Management Ltd.'s portfolio, making the stock its 9th largest position. Lincluden Management Ltd. owned about 0.15% of Pembina Pipeline worth $32,257,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. First Horizon Advisors Inc. raised its stake in shares of 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. Farther Finance Advisors LLC raised its stake in shares of Pembina Pipeline by 8.9% in the second quarter. Farther Finance Advisors LLC now owns 3,774 shares of the pipeline company's stock valued at $142,000 after purchasing an additional 307 shares in the last quarter. JCIC Asset Management Inc. raised its stake in shares of Pembina Pipeline by 6.8% in the first quarter. JCIC Asset Management Inc. now owns 5,133 shares of the pipeline company's stock valued at $205,000 after purchasing an additional 325 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in shares of Pembina Pipeline by 17.0% in the first quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company's stock valued at $96,000 after purchasing an additional 349 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Pembina Pipeline by 11.4% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,436 shares of the pipeline company's stock valued at $129,000 after purchasing an additional 352 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $39.00 on Friday. The stock's fifty day moving average is $38.49 and its 200-day moving average is $37.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. The stock has a market capitalization of $22.66 billion, a PE ratio of 18.31 and a beta of 0.76. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were issued a dividend of $0.71 per share. The ex-dividend date was Monday, September 15th. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.51. This represents a $2.84 annualized dividend and a dividend yield of 7.3%. Pembina Pipeline's dividend payout ratio (DPR) is currently 96.71%.

Analysts Set New Price Targets

PBA has been the subject of a number of recent research reports. BMO Capital Markets restated an "outperform" rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Wells Fargo & Company cut Pembina Pipeline from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 6th. Jefferies Financial Group cut Pembina Pipeline from a "buy" rating to a "hold" rating in a research report on Wednesday, July 23rd. Wall Street Zen cut Pembina Pipeline from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, National Bankshares upgraded Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Pembina Pipeline has an average rating of "Moderate Buy".

About Pembina Pipeline

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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