Scotia Capital Inc. raised its stake in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 3.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,573,828 shares of the pipeline company’s stock after purchasing an additional 111,687 shares during the period. Pembina Pipeline accounts for approximately 1.6% of Scotia Capital Inc.’s holdings, making the stock its 13th biggest holding. Scotia Capital Inc.’s holdings in Pembina Pipeline were worth $132,234,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in Pembina Pipeline by 54.2% during the 1st quarter. Janus Henderson Group PLC now owns 210,253 shares of the pipeline company’s stock worth $7,727,000 after buying an additional 73,858 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Pembina Pipeline by 350.0% during the 1st quarter. Parallel Advisors LLC now owns 810 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 630 shares during the period. Cetera Advisor Networks LLC bought a new stake in shares of Pembina Pipeline in the 1st quarter worth approximately $224,000. Sandy Spring Bank bought a new stake in shares of Pembina Pipeline in the 1st quarter worth approximately $99,000. Finally, Moors & Cabot Inc. boosted its position in Pembina Pipeline by 52.3% during the 1st quarter. Moors & Cabot Inc. now owns 11,268 shares of the pipeline company’s stock valued at $415,000 after purchasing an additional 3,870 shares during the period. Institutional investors and hedge funds own 52.28% of the company’s stock.

PBA traded down $0.27 on Wednesday, reaching $37.15. The company had a trading volume of 1,442,073 shares, compared to its average volume of 734,457. The company has a fifty day moving average of $36.73 and a 200-day moving average of $36.74. The company has a market capitalization of $18.99 billion, a P/E ratio of 20.99, a PEG ratio of 3.68 and a beta of 0.75. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64. Pembina Pipeline Corp has a one year low of $28.30 and a one year high of $38.56.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, August 1st. The pipeline company reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.81. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.68 billion. Pembina Pipeline had a net margin of 22.20% and a return on equity of 13.92%. Pembina Pipeline’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. Research analysts predict that Pembina Pipeline Corp will post 2.02 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 25th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.15%. Pembina Pipeline’s dividend payout ratio (DPR) is 102.82%.

Separately, Zacks Investment Research upgraded Pembina Pipeline from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Pembina Pipeline has an average rating of “Buy” and an average target price of $41.00.

Pembina Pipeline 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 Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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

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