Invesco Ltd. Has $104.71 Million Position in Pembina Pipeline Corp. $PBA

Invesco Ltd. lifted its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 10.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,791,549 shares of the pipeline company’s stock after buying an additional 269,420 shares during the period. Invesco Ltd. owned about 0.48% of Pembina Pipeline worth $104,711,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. LPL Financial LLC boosted its position in Pembina Pipeline by 4.4% during the 1st quarter. LPL Financial LLC now owns 85,312 shares of the pipeline company’s stock worth $3,415,000 after acquiring an additional 3,558 shares during the period. Vanguard Group Inc. lifted its position in shares of Pembina Pipeline by 1.6% in the first quarter. Vanguard Group Inc. now owns 25,296,456 shares of the pipeline company’s stock worth $1,011,833,000 after purchasing an additional 409,379 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Pembina Pipeline by 1.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,571,245 shares of the pipeline company’s stock worth $62,839,000 after purchasing an additional 25,265 shares during the period. Virtu Financial LLC acquired a new position in Pembina Pipeline in the 1st quarter valued at approximately $236,000. Finally, Nuveen LLC purchased a new stake in Pembina Pipeline in the 1st quarter worth approximately $83,743,000. 55.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday. 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 issued a Sell rating to the stock. According to data from MarketBeat, Pembina Pipeline presently has a consensus rating of “Moderate Buy”.

Pembina Pipeline Trading Down 0.5%

Shares of NYSE:PBA opened at $39.37 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.41 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $22.88 billion, a PE ratio of 19.69 and a beta of 0.63. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $42.40. The firm has a fifty day moving average price of $38.62 and a 200 day moving average price of $38.00.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. The company had revenue of $911.47 million during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business posted $0.60 earnings per share. The firm’s revenue was down 2.9% on a year-over-year basis. Analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, December 15th. Pembina Pipeline’s dividend payout ratio is currently 103.50%.

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.