Intech Investment Management LLC Purchases 33,623 Shares of Pembina Pipeline Corp. $PBA

Intech Investment Management LLC lifted its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 247.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 47,233 shares of the pipeline company’s stock after purchasing an additional 33,623 shares during the quarter. Intech Investment Management LLC’s holdings in Pembina Pipeline were worth $1,889,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Horizon Advisors Inc. grew its holdings in shares of Pembina Pipeline by 69.9% in the 1st quarter. First Horizon Advisors Inc. now owns 673 shares of the pipeline company’s stock worth $27,000 after purchasing an additional 277 shares during the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Pembina Pipeline in the 1st quarter worth about $27,000. Larson Financial Group LLC grew 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 worth $54,000 after purchasing an additional 467 shares during the last quarter. Versant Capital Management Inc grew 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 worth $61,000 after purchasing an additional 793 shares during the last quarter. Finally, Dunhill Financial LLC grew its holdings in shares of Pembina Pipeline by 42.6% in the 1st quarter. Dunhill Financial LLC now owns 1,925 shares of the pipeline company’s stock worth $77,000 after purchasing an additional 575 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

Pembina Pipeline Trading Up 1.9%

Shares of NYSE PBA 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 P/E 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a $0.71 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, September 15th. Pembina Pipeline’s dividend payout ratio (DPR) is currently 96.24%.

About Pembina Pipeline

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.