Beach Investment Counsel Inc. PA acquired a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the second quarter, Holdings Channel reports. The fund acquired 14,930 shares of the pipeline company’s stock, valued at approximately $494,000.

Several other hedge funds also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Pembina Pipeline Corp. by 28.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 107,905 shares of the pipeline company’s stock valued at $3,380,000 after buying an additional 23,692 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of Pembina Pipeline Corp. during the fourth quarter valued at about $631,000. UBS Asset Management Americas Inc. boosted its stake in shares of Pembina Pipeline Corp. by 9.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 917,631 shares of the pipeline company’s stock valued at $28,712,000 after buying an additional 81,410 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of Pembina Pipeline Corp. by 1.6% in the first quarter. Gulf International Bank UK Ltd now owns 121,284 shares of the pipeline company’s stock valued at $3,837,000 after buying an additional 1,900 shares in the last quarter. Finally, Addenda Capital Inc. boosted its stake in shares of Pembina Pipeline Corp. by 479.4% in the first quarter. Addenda Capital Inc. now owns 413,994 shares of the pipeline company’s stock valued at $13,133,000 after buying an additional 342,540 shares in the last quarter. 46.73% of the stock is owned by institutional investors.

Shares of Pembina Pipeline Corp. (NYSE PBA) opened at 33.60 on Monday. The company’s 50-day moving average is $33.40 and its 200-day moving average is $32.39. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $34.97. The stock has a market capitalization of $13.54 billion, a PE ratio of 33.07 and a beta of 0.71.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.08. Pembina Pipeline Corp. had a return on equity of 8.59% and a net margin of 12.12%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company earned $0.25 EPS. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. Equities research analysts expect that Pembina Pipeline Corp. will post $1.39 earnings per share for the current fiscal year.

The firm also recently declared a aug 17 dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 23rd. This represents a dividend yield of 4.85%. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is 161.86%.

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Several analysts have recently issued reports on PBA shares. Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. National Bank Financial raised shares of Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 2nd. AltaCorp Capital reaffirmed an “outperform” rating on shares of Pembina Pipeline Corp. in a research report on Wednesday, May 3rd. Finally, BidaskClub raised shares of Pembina Pipeline Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $43.50.

About Pembina Pipeline Corp.

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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Institutional Ownership by Quarter for Pembina Pipeline Corp. (NYSE:PBA)

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