Pembina Pipeline Co. (NYSE:PBA) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lifted its position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL by 71.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,163,711 shares of the pipeline company's stock after buying an additional 1,319,709 shares during the period. The Manufacturers Life Insurance Company owned about 0.55% of Pembina Pipeline worth $130,501,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Cetera Advisors LLC increased its holdings in shares of Pembina Pipeline by 248.9% in the first quarter. Cetera Advisors LLC now owns 31,948 shares of the pipeline company's stock worth $1,129,000 after purchasing an additional 22,790 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Pembina Pipeline by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 12,767 shares of the pipeline company's stock valued at $527,000 after acquiring an additional 860 shares in the last quarter. Triasima Portfolio Management inc. grew its holdings in 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 purchasing an additional 258,575 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in Pembina Pipeline by 5.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 2,182,889 shares of the pipeline company's stock valued at $76,279,000 after buying an additional 116,089 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Pembina Pipeline by 105.1% during the 1st quarter. Cetera Investment Advisers now owns 48,237 shares of the pipeline company's stock valued at $1,705,000 after purchasing an additional 24,717 shares in the last quarter. 55.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Pembina Pipeline Stock Performance

NYSE PBA traded down $0.03 during trading hours on Wednesday, hitting $41.19. 532,130 shares of the stock were exchanged, compared to its average volume of 1,118,109. Pembina Pipeline Co. has a 12-month low of $32.39 and a 12-month high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The stock has a 50-day moving average of $41.97 and a 200 day moving average of $39.43. The company has a market cap of $23.91 billion, a price-to-earnings ratio of 17.02 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.69 per share. The ex-dividend date is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a yield of 6.70%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. Pembina Pipeline's dividend payout ratio (DPR) is currently 84.30%.

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.