Pembina Pipeline Corp (PBA) Shares Bought by Schroder Investment Management Group

Schroder Investment Management Group grew its stake in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 384.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 204,437 shares of the pipeline company’s stock after buying an additional 162,230 shares during the period. Schroder Investment Management Group’s holdings in Pembina Pipeline were worth $9,028,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Girard Partners LTD. boosted its holdings in shares of Pembina Pipeline by 0.9% in the 2nd quarter. Girard Partners LTD. now owns 11,498 shares of the pipeline company’s stock valued at $381,000 after buying an additional 97 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Pembina Pipeline by 0.5% in the 2nd quarter. Sei Investments Co. now owns 24,708 shares of the pipeline company’s stock valued at $818,000 after buying an additional 125 shares in the last quarter. Bard Associates Inc. boosted its holdings in shares of Pembina Pipeline by 0.5% in the 2nd quarter. Bard Associates Inc. now owns 54,992 shares of the pipeline company’s stock valued at $1,821,000 after buying an additional 300 shares in the last quarter. National Planning Corp boosted its holdings in shares of Pembina Pipeline by 2.3% in the 2nd quarter. National Planning Corp now owns 17,229 shares of the pipeline company’s stock valued at $576,000 after buying an additional 387 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Pembina Pipeline by 0.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 176,886 shares of the pipeline company’s stock valued at $5,850,000 after buying an additional 516 shares in the last quarter. Institutional investors and hedge funds own 42.45% of the company’s stock.

A number of analysts recently weighed in on the stock. Macquarie cut shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 29th. Zacks Investment Research cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Wednesday, November 29th. Finally, BidaskClub cut shares of Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.00.

Shares of Pembina Pipeline Corp (PBA) traded up $0.11 during trading hours on Friday, reaching $35.18. 408,518 shares of the company were exchanged, compared to its average volume of 473,725. The firm has a market cap of $17,621.48, a PE ratio of 35.42 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. Pembina Pipeline Corp has a 12-month low of $30.32 and a 12-month high of $36.29.

The firm also recently declared a dec 17 dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be paid a dividend of $0.18 per share. This represents a yield of 4.84%. The ex-dividend date of this dividend is Thursday, December 28th. Pembina Pipeline’s dividend payout ratio is currently 171.72%.

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Pembina Pipeline Profile

Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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