Cardinal Capital Management Inc. Buys 37,595 Shares of Pembina Pipeline Co. (NYSE:PBA)

Cardinal Capital Management Inc. grew its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,920,900 shares of the pipeline company's stock after buying an additional 37,595 shares during the period. Pembina Pipeline accounts for about 3.7% of Cardinal Capital Management Inc.'s investment portfolio, making the stock its 12th largest position. Cardinal Capital Management Inc. owned about 0.50% of Pembina Pipeline worth $107,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. increased its holdings in Pembina Pipeline by 9.2% in the 2nd quarter. American Century Companies Inc. now owns 116,037 shares of the pipeline company's stock valued at $4,305,000 after acquiring an additional 9,782 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Pembina Pipeline by 17.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,852 shares of the pipeline company's stock valued at $731,000 after purchasing an additional 2,983 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Pembina Pipeline by 30.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock worth $65,000 after purchasing an additional 387 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of Pembina Pipeline by 0.6% in the second quarter. Public Sector Pension Investment Board now owns 170,826 shares of the pipeline company's stock worth $6,337,000 after buying an additional 1,100 shares in the last quarter. Finally, Toronto Dominion Bank boosted its stake in Pembina Pipeline by 97.2% during the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company's stock valued at $331,439,000 after buying an additional 4,405,792 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company's stock.

Pembina Pipeline Trading Down 0.3 %

PBA stock traded down $0.10 during mid-day trading on Thursday, reaching $37.16. 853,092 shares of the stock traded hands, compared to its average volume of 1,181,092. Pembina Pipeline Co. has a one year low of $32.81 and a one year high of $43.44. The stock has a market capitalization of $21.57 billion, a PE ratio of 15.35 and a beta of 1.25. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. The business has a 50-day moving average price of $38.58 and a two-hundred day moving average price of $39.66.

Pembina Pipeline Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 7.43%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date was Monday, December 16th. Pembina Pipeline's dividend payout ratio is presently 80.58%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company downgraded Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 18th. Barclays started coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They issued an "overweight" rating on the stock. TD Securities began coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a "buy" rating for the company. Finally, Raymond James started coverage on shares of Pembina Pipeline in a report on Friday, October 11th. They issued an "outperform" rating on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $56.50.

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.