Pembina Pipeline Corp. $PBA Shares Sold by Qtron Investments LLC

Key Points

• Qtron Investments LLC has reduced its holdings in Pembina Pipeline Corp. by 53.3%, selling 11,752 shares and holding 10,309 shares valued at $412,000 as of the last SEC filing.
• Several institutional investors increased their stakes in Pembina Pipeline, with First Horizon Advisors Inc. boosting its stake by 69.9% during the first quarter.
• Pembina Pipeline recently declared a quarterly dividend of $0.71, marking an increase from the previous $0.51 dividend, resulting in an annual yield of 7.7%.

Qtron Investments LLC decreased its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 53.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,309 shares of the pipeline company's stock after selling 11,752 shares during the quarter. Qtron Investments LLC's holdings in Pembina Pipeline were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. First Horizon Advisors Inc. grew its stake in shares of Pembina Pipeline by 69.9% during the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company's stock valued at $27,000 after buying an additional 277 shares during the last quarter. JCIC Asset Management Inc. increased its holdings in Pembina Pipeline by 6.8% during the 1st quarter. JCIC Asset Management Inc. now owns 5,133 shares of the pipeline company's stock worth $205,000 after purchasing an additional 325 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Pembina Pipeline by 17.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,397 shares of the pipeline company's stock worth $96,000 after buying an additional 349 shares during the period. Albert D Mason Inc. grew its position in shares of Pembina Pipeline by 1.0% during the 1st quarter. Albert D Mason Inc. now owns 43,073 shares of the pipeline company's stock worth $1,724,000 after buying an additional 426 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Pembina Pipeline by 4.5% during the 4th quarter. NewEdge Advisors LLC now owns 9,883 shares of the pipeline company's stock worth $365,000 after buying an additional 430 shares in the last quarter. Institutional investors own 55.37% of the company's stock.

Pembina Pipeline Stock Up 0.6%

NYSE PBA traded up $0.2170 during midday trading on Friday, hitting $38.0570. 1,871,528 shares of the company traded hands, compared to its average volume of 1,200,663. 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 company has a market cap of $22.11 billion, a PE ratio of 17.87 and a beta of 0.78. The company's 50-day simple moving average is $37.01 and its 200-day simple moving average is $37.56. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be given a dividend of $0.71 per share. This is a boost from Pembina Pipeline's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, September 15th. This represents a $2.84 annualized dividend and a yield of 7.5%. Pembina Pipeline's payout ratio is 97.18%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Barclays reissued an "overweight" rating on shares of Pembina Pipeline in a research report on Tuesday, June 3rd. Wall Street Zen downgraded Pembina Pipeline from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Wells Fargo & Company downgraded Pembina Pipeline from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 6th. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Pembina Pipeline in a research report on Monday, August 11th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

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.