DekaBank Deutsche Girozentrale Buys 4,175 Shares of Pembina Pipeline Corp. $PBA

DekaBank Deutsche Girozentrale raised its stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 0.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,187,064 shares of the pipeline company’s stock after purchasing an additional 4,175 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Pembina Pipeline were worth $81,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PBA. Cetera Investment Advisers grew its position in Pembina Pipeline by 6.2% in the first quarter. Cetera Investment Advisers now owns 48,289 shares of the pipeline company’s stock worth $1,933,000 after acquiring an additional 2,834 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Pembina Pipeline by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after purchasing an additional 3,108,920 shares in the last quarter. Tectonic Advisors LLC lifted its stake in Pembina Pipeline by 64.6% during the second quarter. Tectonic Advisors LLC now owns 26,479 shares of the pipeline company’s stock worth $993,000 after purchasing an additional 10,390 shares during the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of Pembina Pipeline by 25.2% in the 1st quarter. Westwood Holdings Group Inc. now owns 1,428,833 shares of the pipeline company’s stock worth $57,196,000 after purchasing an additional 288,003 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Pembina Pipeline by 11.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 18,182 shares of the pipeline company’s stock valued at $728,000 after purchasing an additional 1,824 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Up 0.4%

Shares of Pembina Pipeline stock opened at $37.85 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.62 and a current ratio of 0.77. Pembina Pipeline Corp. has a 52-week low of $34.13 and a 52-week high of $43.44. The company’s 50 day moving average price is $38.75 and its 200-day moving average price is $37.82. The stock has a market capitalization of $21.99 billion, a price-to-earnings ratio of 17.77 and a beta of 0.76.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $0.71 dividend. The ex-dividend date was Monday, September 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. This represents a $2.84 dividend on an annualized basis and a dividend yield of 7.5%. Pembina Pipeline’s dividend payout ratio is presently 97.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Wall Street Zen downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. National Bank Financial upgraded shares of Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Pembina Pipeline in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Pembina Pipeline

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.