Tectonic Advisors LLC Acquires 10,390 Shares of Pembina Pipeline Corp. $PBA

Key Points

• Tectonic Advisors LLC increased its stake in Pembina Pipeline Corp. by 64.6%, acquiring an additional 10,390 shares, bringing its total holdings to 26,479 shares valued at approximately $993,000.
• Pembina Pipeline recently announced a quarterly dividend increase from $0.51 to $0.71 per share, resulting in an annualized dividend yield of 7.2%.
• An analysis of stock ratings shows mixed sentiments, with one analyst rating it as a Strong Buy and another as a Strong Sell, indicating a variety of perspectives on the company's future performance.

Tectonic Advisors LLC lifted its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA - Free Report) TSE: PPL by 64.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,479 shares of the pipeline company's stock after purchasing an additional 10,390 shares during the period. Tectonic Advisors LLC's holdings in Pembina Pipeline were worth $993,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Tcfg Wealth Management LLC raised its stake in shares of Pembina Pipeline by 8.4% during the 2nd quarter. Tcfg Wealth Management LLC now owns 10,214 shares of the pipeline company's stock worth $383,000 after purchasing an additional 793 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Pembina Pipeline in the 2nd quarter worth about $66,000. ASR Vermogensbeheer N.V. increased its holdings in Pembina Pipeline by 66.6% in the 2nd quarter. ASR Vermogensbeheer N.V. now owns 127,089 shares of the pipeline company's stock worth $4,762,000 after acquiring an additional 50,823 shares during the last quarter. Addenda Capital Inc. increased its holdings in Pembina Pipeline by 14.5% in the 2nd quarter. Addenda Capital Inc. now owns 627,890 shares of the pipeline company's stock worth $23,552,000 after acquiring an additional 79,425 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. increased its holdings in Pembina Pipeline by 1.8% in the 2nd quarter. A. D. Beadell Investment Counsel Inc. now owns 85,235 shares of the pipeline company's stock worth $3,197,000 after acquiring an additional 1,480 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Pembina Pipeline in a report on Wednesday. Jefferies Financial Group lowered Pembina Pipeline from a "buy" rating to a "hold" rating in a report on Wednesday, July 23rd. National Bank Financial raised Pembina Pipeline from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 25th. BMO Capital Markets reissued an "outperform" rating on shares of Pembina Pipeline in a report on Monday, August 11th. Finally, Wells Fargo & Company lowered Pembina Pipeline from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of "Moderate Buy".

Pembina Pipeline Stock Down 2.7%

Shares of NYSE PBA opened at $39.66 on Friday. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The business has a 50-day simple moving average of $38.46 and a two-hundred day simple moving average of $37.92. 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 company has a market cap of $23.05 billion, a P/E ratio of 18.62 and a beta of 0.76.

Pembina Pipeline Increases Dividend

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

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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