Quantinno Capital Management LP Grows Stake in Pembina Pipeline Co. (NYSE:PBA)

Quantinno Capital Management LP boosted its stake in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 36.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,243 shares of the pipeline company’s stock after buying an additional 5,706 shares during the quarter. Quantinno Capital Management LP’s holdings in Pembina Pipeline were worth $876,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Toronto Dominion Bank lifted its position 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 valued at $331,439,000 after acquiring an additional 4,405,792 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in 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 purchasing an additional 3,043,200 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Pembina Pipeline by 8.1% during the third quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company’s stock worth $264,315,000 after buying an additional 481,285 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Pembina Pipeline by 0.9% during the second quarter. TD Asset Management Inc now owns 4,759,869 shares of the pipeline company’s stock worth $176,571,000 after buying an additional 44,441 shares in the last quarter. Finally, Tortoise Capital Advisors L.L.C. raised its position in shares of Pembina Pipeline by 6.9% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,542,997 shares of the pipeline company’s stock valued at $168,512,000 after buying an additional 291,486 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Stock Down 0.6 %

Shares of NYSE:PBA opened at $38.35 on Friday. The business has a 50-day moving average price of $41.57 and a 200 day moving average price of $39.65. Pembina Pipeline Co. has a 12-month low of $32.39 and a 12-month high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $22.26 billion, a price-to-earnings ratio of 15.85 and a beta of 1.24.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 7.20%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is presently 84.30%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on PBA shares. UBS Group began coverage on shares of Pembina Pipeline in a research note on Wednesday, September 11th. They set a “neutral” rating for the company. Citigroup increased their price target on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Raymond James began coverage on Pembina Pipeline in a research note on Friday, October 11th. They set an “outperform” rating on the stock. Finally, Barclays started coverage on Pembina Pipeline in a research note on Thursday. They issued an “overweight” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.50.

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.