Cidel Asset Management Inc. acquired a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,897 shares of the pipeline company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Girard Partners LTD. raised its holdings in shares of Pembina Pipeline Corp. by 0.9% during the 2nd quarter. Girard Partners LTD. now owns 11,498 shares of the pipeline company’s stock valued at $381,000 after buying an additional 97 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Pembina Pipeline Corp. by 0.8% during the 2nd quarter. Bank of Nova Scotia now owns 1,685,920 shares of the pipeline company’s stock valued at $55,842,000 after buying an additional 13,345 shares in the last quarter. Fiera Capital Corp raised its holdings in shares of Pembina Pipeline Corp. by 21.4% during the 2nd quarter. Fiera Capital Corp now owns 1,884,414 shares of the pipeline company’s stock valued at $62,606,000 after buying an additional 332,531 shares in the last quarter. Aviva PLC raised its holdings in shares of Pembina Pipeline Corp. by 1.7% during the 2nd quarter. Aviva PLC now owns 248,929 shares of the pipeline company’s stock valued at $8,233,000 after buying an additional 4,210 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Pembina Pipeline Corp. by 111.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,453 shares of the pipeline company’s stock valued at $320,000 after buying an additional 3,933 shares in the last quarter. 50.11% of the stock is currently owned by institutional investors.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, November 2nd. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.09). The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.28 billion. Pembina Pipeline Corp. had a net margin of 12.12% and a return on equity of 8.60%. Pembina Pipeline Corp.’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th will be paid a $0.144 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.15%. This is a positive change from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, October 24th. Pembina Pipeline Corp.’s dividend payout ratio (DPR) is presently 178.35%.

A number of equities analysts have commented on the company. Zacks Investment Research raised Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, July 21st. BidaskClub raised Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, AltaCorp Capital raised Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $43.00.

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Pembina Pipeline Corp. Company Profile

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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