TD Asset Management Inc Has $273.49 Million Holdings in Pembina Pipeline Corp. $PBA

Key Points

• TD Asset Management Inc increased its holdings in Pembina Pipeline Corp by 5.0%, now owning 7,298,690 shares valued at approximately $273.49 million.
• Pembina Pipeline recently raised its quarterly dividend from $0.51 to $0.71, resulting in an annualized yield of 7.2% for investors.
• Wall Street analysts maintain a generally positive outlook, with ratings ranging from "Strong Buy" to "Sell," resulting in an average rating of "Moderate Buy."

TD Asset Management Inc lifted its holdings in Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,298,690 shares of the pipeline company's stock after purchasing an additional 347,854 shares during the period. TD Asset Management Inc owned 1.26% of Pembina Pipeline worth $273,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers lifted its stake in shares of Pembina Pipeline by 6.2% in the 1st quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company's stock valued at $1,933,000 after purchasing an additional 2,834 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Pembina Pipeline by 78.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company's stock worth $283,770,000 after acquiring an additional 3,108,920 shares during the last quarter. Tectonic Advisors LLC lifted its position in Pembina Pipeline by 64.6% during the 2nd quarter. Tectonic Advisors LLC now owns 26,479 shares of the pipeline company's stock worth $993,000 after acquiring an additional 10,390 shares during the last quarter. Westwood Holdings Group Inc. lifted its position 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. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Pembina Pipeline by 11.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company's stock worth $728,000 after acquiring an additional 1,824 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BMO Capital Markets reissued an "outperform" rating on shares of Pembina Pipeline in a research report on Monday, August 11th. National Bankshares raised shares of Pembina Pipeline from a "sector perform" rating to an "outperform" rating in a research report on Thursday, June 26th. National Bank Financial raised shares of Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 25th. Wall Street Zen lowered shares of Pembina Pipeline from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Raymond James Financial reissued an "outperform" rating on shares of Pembina Pipeline in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Pembina Pipeline Stock Performance

NYSE PBA opened at $39.18 on Tuesday. The stock has a market cap of $22.76 billion, a P/E ratio of 18.39 and a beta of 0.76. The company's 50-day simple moving average is $38.53 and its 200 day simple moving average is $37.88. Pembina Pipeline Corp. has a twelve month low of $34.13 and a twelve 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.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were paid a $0.71 dividend. The ex-dividend date of this dividend was Monday, September 15th. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a yield of 7.2%. Pembina Pipeline's payout ratio is presently 97.18%.

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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