Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lowered its position in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 4.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 826,681 shares of the pipeline company’s stock after selling 37,143 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.16% of Pembina Pipeline worth $37,639,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Tortoise Capital Advisors L.L.C. purchased a new position in shares of Pembina Pipeline in the 2nd quarter valued at about $203,334,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Pembina Pipeline by 105.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,554,569 shares of the pipeline company’s stock valued at $157,642,000 after purchasing an additional 2,340,323 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Pembina Pipeline by 53.8% in the 2nd quarter. Toronto Dominion Bank now owns 4,049,255 shares of the pipeline company’s stock valued at $140,371,000 after purchasing an additional 1,415,657 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in shares of Pembina Pipeline by 1,383.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 3,721,470 shares of the pipeline company’s stock valued at $128,762,000 after purchasing an additional 3,470,534 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Pembina Pipeline by 1.7% in the 2nd quarter. Great West Life Assurance Co. Can now owns 3,645,448 shares of the pipeline company’s stock valued at $126,640,000 after purchasing an additional 62,411 shares in the last quarter. Institutional investors own 47.50% of the company’s stock.

Shares of PBA opened at $33.24 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.58 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $16.77 billion, a PE ratio of 23.85, a P/E/G ratio of 3.33 and a beta of 0.66. Pembina Pipeline Corp has a 52-week low of $29.28 and a 52-week high of $36.99.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, August 2nd. The pipeline company reported $0.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.07). The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Pembina Pipeline had a net margin of 17.40% and a return on equity of 10.09%. equities research analysts forecast that Pembina Pipeline Corp will post 1.66 EPS for the current fiscal year.

The business also recently declared a sep 18 dividend, which will be paid on Monday, October 15th. Stockholders of record on Tuesday, September 25th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Monday, September 24th. This represents a dividend yield of 5.28%. Pembina Pipeline’s dividend payout ratio is presently 131.58%.

PBA has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Thursday, May 31st. Zacks Investment Research downgraded shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.

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

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