Pembina Pipeline Co. (NYSE:PBA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 8.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,507,356 shares of the pipeline company's stock after acquiring an additional 121,005 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.26% of Pembina Pipeline worth $62,201,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Cetera Advisors LLC increased its stake in Pembina Pipeline by 248.9% in the 1st quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company's stock worth $1,129,000 after buying an additional 22,790 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Pembina Pipeline by 7.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company's stock worth $527,000 after purchasing an additional 860 shares during the period. Triasima Portfolio Management inc. raised its holdings in shares of Pembina Pipeline by 49.2% in the second quarter. Triasima Portfolio Management inc. now owns 784,516 shares of the pipeline company's stock worth $29,095,000 after buying an additional 258,575 shares during the period. Cetera Investment Advisers increased its stake in Pembina Pipeline by 105.1% in the first quarter. Cetera Investment Advisers now owns 48,237 shares of the pipeline company's stock worth $1,705,000 after purchasing an additional 24,717 shares during the period. Finally, Fiera Capital Corp lifted its position in shares of Pembina Pipeline by 15.5% during the third quarter. Fiera Capital Corp now owns 1,196,390 shares of the pipeline company's stock worth $49,381,000 after purchasing an additional 160,946 shares during the last quarter. Institutional investors own 55.37% of the company's stock.

Wall Street Analysts Forecast Growth

PBA has been the topic of several recent analyst reports. Raymond James initiated coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They issued an "outperform" rating on the stock. Citigroup increased their price objective on Pembina Pipeline from $53.00 to $56.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 28th. Finally, UBS Group began coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a "neutral" rating on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $56.50.

Pembina Pipeline Stock Up 0.4 %

Pembina Pipeline stock traded up $0.18 during mid-day trading on Friday, reaching $41.37. 590,566 shares of the company were exchanged, compared to its average volume of 1,116,330. 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 firm has a market cap of $24.02 billion, a P/E ratio of 17.12 and a beta of 1.25. The business has a fifty day moving average of $42.00 and a 200 day moving average of $39.47. Pembina Pipeline Co. has a 12-month low of $32.39 and a 12-month high of $43.44.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 6.67%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's dividend payout ratio (DPR) is presently 84.30%.

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.