TD Asset Management Inc. increased its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 5,619,175 shares of the pipeline company’s stock after buying an additional 29,382 shares during the period. TD Asset Management Inc.’s holdings in Pembina Pipeline Corp. were worth $185,835,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in PBA. Dimensional Fund Advisors LP boosted its position in 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 worth $3,380,000 after buying an additional 23,692 shares during the period. AQR Capital Management LLC bought a new position in Pembina Pipeline Corp. during the fourth quarter worth approximately $631,000. UBS Asset Management Americas Inc. boosted its position in 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 worth $28,712,000 after buying an additional 81,410 shares during the period. Gulf International Bank UK Ltd boosted its position in 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 worth $3,837,000 after buying an additional 1,900 shares during the period. Finally, Addenda Capital Inc. boosted its position in Pembina Pipeline Corp. by 479.4% in the first quarter. Addenda Capital Inc. now owns 413,994 shares of the pipeline company’s stock worth $13,133,000 after buying an additional 342,540 shares during the period. 46.73% of the stock is owned by hedge funds and other institutional investors.

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

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

The company 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 payout ratio is 161.86%.

TRADEMARK VIOLATION WARNING: This story was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.dailypolitical.com/2017/08/07/pembina-pipeline-corp-pba-shares-bought-by-td-asset-management-inc.html.

PBA has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Pembina Pipeline Corp. from a “buy” rating to a “hold” rating in a research report 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 report 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 investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Pembina Pipeline Corp. has a consensus rating of “Buy” and an average price target 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.

Want to see what other hedge funds are holding PBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL).

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

Receive News & Ratings for Pembina Pipeline Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline Corp. and related companies with MarketBeat.com's FREE daily email newsletter.