Quantinno Capital Management LP Purchases 15,935 Shares of Pembina Pipeline Corp. $PBA

Quantinno Capital Management LP grew its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 12.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 147,404 shares of the pipeline company’s stock after buying an additional 15,935 shares during the quarter. Quantinno Capital Management LP’s holdings in Pembina Pipeline were worth $6,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PBA. Cardinal Capital Management Inc. raised its holdings in shares of Pembina Pipeline by 10.0% in the fourth quarter. Cardinal Capital Management Inc. now owns 3,274,336 shares of the pipeline company’s stock valued at $124,621,000 after acquiring an additional 298,412 shares in the last quarter. TD Waterhouse Canada Inc. increased its position in Pembina Pipeline by 2.5% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,703,413 shares of the pipeline company’s stock valued at $64,798,000 after purchasing an additional 40,944 shares during the period. Vanguard Group Inc. increased its position in Pembina Pipeline by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 27,233,442 shares of the pipeline company’s stock valued at $1,037,512,000 after purchasing an additional 541,615 shares during the period. K.J. Harrison & Partners Inc increased its position in Pembina Pipeline by 27.3% during the 4th quarter. K.J. Harrison & Partners Inc now owns 207,560 shares of the pipeline company’s stock valued at $7,919,000 after purchasing an additional 44,500 shares during the period. Finally, Nicola Wealth Management LTD. raised its holdings in shares of Pembina Pipeline by 28.0% in the 4th quarter. Nicola Wealth Management LTD. now owns 987,800 shares of the pipeline company’s stock valued at $37,638,000 after purchasing an additional 216,300 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

PBA stock opened at $47.17 on Thursday. The firm has a market cap of $27.43 billion, a price-to-earnings ratio of 23.12 and a beta of 0.57. The firm has a 50-day simple moving average of $48.34 and a two-hundred day simple moving average of $45.70. Pembina Pipeline Corp. has a one year low of $35.45 and a one year high of $51.58. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.68 and a current ratio of 0.62.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. On average, equities analysts forecast that Pembina Pipeline Corp. will post 2.2 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.94 dividend on an annualized basis and a yield of 6.2%. Pembina Pipeline’s dividend payout ratio is presently 104.41%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PBA. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Scotiabank lowered shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Pembina Pipeline in a report on Friday, July 3rd. Finally, Weiss Ratings raised Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Pembina Pipeline Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.