BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $79.70 Million Holdings in Pembina Pipeline Corp. $PBA

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 36.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,992,285 shares of the pipeline company’s stock after selling 1,163,273 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Pembina Pipeline were worth $79,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its position in Pembina Pipeline by 69.9% during the first quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock worth $27,000 after acquiring an additional 277 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Pembina Pipeline in the 1st quarter valued at about $27,000. Larson Financial Group LLC raised its holdings in shares of Pembina Pipeline by 53.4% in the 1st quarter. Larson Financial Group LLC now owns 1,341 shares of the pipeline company’s stock valued at $54,000 after purchasing an additional 467 shares during the period. Dunhill Financial LLC raised its holdings in shares of Pembina Pipeline by 100.0% in the 4th quarter. Dunhill Financial LLC now owns 1,350 shares of the pipeline company’s stock valued at $50,000 after purchasing an additional 675 shares during the period. Finally, Versant Capital Management Inc raised its holdings in shares of Pembina Pipeline by 108.3% in the 1st quarter. Versant Capital Management Inc now owns 1,525 shares of the pipeline company’s stock valued at $61,000 after purchasing an additional 793 shares during the period. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Price Performance

NYSE:PBA opened at $38.0570 on Friday. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $43.44. The firm has a market cap of $22.11 billion, a price-to-earnings ratio of 17.87 and a beta of 0.78. The firm’s 50-day simple moving average is $37.01 and its 200 day simple moving average is $37.54. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77.

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.71 per share. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend is Monday, September 15th. Pembina Pipeline’s payout ratio is 97.18%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a research note on Tuesday, June 3rd. Wall Street Zen cut Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. National Bankshares upgraded Pembina Pipeline from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. Wells Fargo & Company cut Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 6th. Finally, Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average target price of $56.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.