Pembina Pipeline Co. (NYSE:PBA) Position Boosted by Intact Investment Management Inc.

Intact Investment Management Inc. raised its stake in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 83.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,976,934 shares of the pipeline company's stock after acquiring an additional 897,940 shares during the quarter. Pembina Pipeline makes up 2.7% of Intact Investment Management Inc.'s holdings, making the stock its 6th biggest position. Intact Investment Management Inc. owned approximately 0.34% of Pembina Pipeline worth $81,498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of PBA. Godsey & Gibb Inc. purchased a new position in Pembina Pipeline in the third quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in shares of Pembina Pipeline by 223.8% during the 3rd quarter. Blue Trust Inc. now owns 735 shares of the pipeline company's stock valued at $30,000 after buying an additional 508 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Pembina Pipeline by 65.0% during the 3rd quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company's stock worth $34,000 after acquiring an additional 325 shares during the period. Beacon Capital Management LLC bought a new position in shares of Pembina Pipeline during the 1st quarter worth $37,000. Finally, EverSource Wealth Advisors LLC raised its stake in Pembina Pipeline by 30.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company's stock valued at $65,000 after acquiring an additional 387 shares during the period. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Price Performance

Shares of NYSE PBA traded up $0.43 during midday trading on Monday, hitting $42.03. 608,809 shares of the company's stock were exchanged, compared to its average volume of 1,115,921. The company has a current ratio of 0.68, a quick ratio of 0.55 and a debt-to-equity ratio of 0.77. The business's fifty day moving average price is $41.51 and its two-hundred day moving average price is $38.68. The company has a market cap of $24.40 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 5.84 and a beta of 1.25. Pembina Pipeline Co. has a 12-month low of $31.51 and a 12-month high of $43.44.

Pembina Pipeline (NYSE:PBA - Get Free Report) TSE: PPL last posted its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a net margin of 23.50% and a return on equity of 13.68%. The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $0.45 EPS. The business's quarterly revenue was up 30.5% on a year-over-year basis. As a group, research analysts forecast that Pembina Pipeline Co. will post 2.38 EPS for the current fiscal year.

Pembina Pipeline Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.76%. The ex-dividend date was Monday, September 16th. Pembina Pipeline's dividend payout ratio (DPR) is presently 85.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PBA shares. UBS Group initiated coverage on shares of Pembina Pipeline in a research report on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup lifted their price objective on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a "neutral" rating in a research note on Wednesday, August 28th. Finally, Raymond James started coverage on Pembina Pipeline in a research report on Friday, October 11th. They set an "outperform" rating on the stock. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $56.50.

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.