Acadian Asset Management LLC Has $1.47 Million Stock Holdings in Pembina Pipeline Corp. $PBA

Acadian Asset Management LLC increased its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 736.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,800 shares of the pipeline company’s stock after purchasing an additional 32,400 shares during the quarter. Acadian Asset Management LLC’s holdings in Pembina Pipeline were worth $1,470,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Pembina Pipeline by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company’s stock worth $1,011,833,000 after purchasing an additional 409,379 shares in the last quarter. Mackenzie Financial Corp increased its position in Pembina Pipeline by 10.6% in the 4th quarter. Mackenzie Financial Corp now owns 13,930,847 shares of the pipeline company’s stock valued at $514,154,000 after acquiring an additional 1,331,294 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Pembina Pipeline by 78.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after acquiring an additional 3,108,920 shares in the last quarter. TD Asset Management Inc increased its position in Pembina Pipeline by 2.4% in the 1st quarter. TD Asset Management Inc now owns 6,950,836 shares of the pipeline company’s stock valued at $277,985,000 after acquiring an additional 161,114 shares in the last quarter. Finally, Scotia Capital Inc. increased its position in Pembina Pipeline by 5.2% in the 1st quarter. Scotia Capital Inc. now owns 5,230,781 shares of the pipeline company’s stock valued at $208,856,000 after acquiring an additional 260,804 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 1.9%

Pembina Pipeline stock opened at $39.37 on Wednesday. The company’s 50 day simple moving average is $37.34 and its 200 day simple moving average is $37.73. Pembina Pipeline Corp. has a fifty-two week low of $34.13 and a fifty-two week high of $43.44. The firm has a market capitalization of $22.87 billion, a price-to-earnings ratio of 18.48 and a beta of 0.79. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Monday, September 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. Pembina Pipeline’s payout ratio is 96.24%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PBA shares. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Wells Fargo & Company cut shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 6th. National Bank Financial upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 25th. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Finally, Wall Street Zen cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Pembina Pipeline 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.