Quantbot Technologies LP Takes $1.11 Million Position in Pembina Pipeline Co. (NYSE:PBA)

Quantbot Technologies LP bought a new position in Pembina Pipeline Co. (NYSE:PBA - Free Report) TSE: PPL during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,837 shares of the pipeline company's stock, valued at approximately $1,107,000.

A number of other large investors have also made changes to their positions in the company. Toronto Dominion Bank boosted its holdings in shares of Pembina Pipeline by 97.2% in the second quarter. Toronto Dominion Bank now owns 8,938,488 shares of the pipeline company's stock worth $331,439,000 after buying an additional 4,405,792 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Pembina Pipeline by 56.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company's stock worth $311,142,000 after acquiring an additional 3,043,200 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of Pembina Pipeline by 8.1% during the 3rd quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company's stock valued at $264,315,000 after acquiring an additional 481,285 shares during the period. TD Asset Management Inc increased its stake in shares of Pembina Pipeline by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 4,759,869 shares of the pipeline company's stock worth $176,571,000 after purchasing an additional 44,441 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its holdings in Pembina Pipeline by 6.9% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,542,997 shares of the pipeline company's stock worth $168,512,000 after purchasing an additional 291,486 shares during the period. 55.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on PBA shares. UBS Group began coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a "neutral" rating for the company. Citigroup boosted their price objective on 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 assumed coverage on shares of Pembina Pipeline in a research note on Friday, October 11th. They set an "outperform" rating on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of "Hold" and an average target price of $56.50.

Pembina Pipeline Price Performance

Shares of Pembina Pipeline stock traded up $0.18 during trading hours on Friday, hitting $41.37. The company's stock had a trading volume of 590,566 shares, compared to its average volume of 1,043,279. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a 12-month low of $32.39 and a 12-month high of $43.44. The business has a 50 day moving average price of $42.00 and a two-hundred day moving average price of $39.50. The company has a market cap of $24.02 billion, a PE ratio of 17.10 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The firm 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 $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 6.67%. This is an increase from Pembina Pipeline's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline's dividend payout ratio is presently 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.