Mackenzie Financial Corp Has $435.81 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

Mackenzie Financial Corp grew its holdings in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 5.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,652,115 shares of the pipeline company's stock after acquiring an additional 680,945 shares during the quarter. Mackenzie Financial Corp owned 2.30% of Pembina Pipeline worth $435,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Raymond James Financial Services Advisors Inc. boosted its holdings in Pembina Pipeline by 1.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 30,388 shares of the pipeline company's stock valued at $1,143,000 after acquiring an additional 438 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Pembina Pipeline by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 575,920 shares of the pipeline company's stock worth $21,655,000 after purchasing an additional 3,604 shares in the last quarter. American Century Companies Inc. grew its position in shares of Pembina Pipeline by 53.4% during the 1st quarter. American Century Companies Inc. now owns 39,699 shares of the pipeline company's stock valued at $1,492,000 after purchasing an additional 13,820 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Pembina Pipeline by 8.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 17,446 shares of the pipeline company's stock worth $656,000 after purchasing an additional 1,420 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Pembina Pipeline by 20.3% in the 1st quarter. HighTower Advisors LLC now owns 39,252 shares of the pipeline company's stock worth $1,478,000 after buying an additional 6,629 shares during 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 traded down $0.23 on Monday, hitting $34.48. 1,038,989 shares of the stock traded hands, compared to its average volume of 1,060,333. The firm has a market cap of $19.98 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 5.08 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.82 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $34.80 and a two-hundred day simple moving average of $33.42. Pembina Pipeline Co. has a 52 week low of $28.15 and a 52 week high of $36.17.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last announced its quarterly earnings results on Thursday, February 22nd. The pipeline company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, equities research analysts predict that Pembina Pipeline Co. will post 2.28 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.4944 per share. This is a positive change from Pembina Pipeline's previous quarterly dividend of $0.48. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.74%. The ex-dividend date was Thursday, March 14th. Pembina Pipeline's payout ratio is currently 89.14%.

Analysts Set New Price Targets

Several research firms recently issued reports on PBA. TheStreet upgraded Pembina Pipeline from a "c" rating to a "b-" rating in a research report on Thursday, February 29th. StockNews.com raised shares of Pembina Pipeline from a "hold" rating to a "buy" rating in a research note on Friday. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pembina Pipeline has an average rating of "Moderate Buy" and an average target price of $50.33.

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.