State of Wisconsin Investment Board Raises Position in Pembina Pipeline Corp. (PBA)

State of Wisconsin Investment Board boosted its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 1.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 622,585 shares of the pipeline company’s stock after acquiring an additional 11,300 shares during the period. State of Wisconsin Investment Board owned approximately 0.15% of Pembina Pipeline Corp. worth $21,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC increased its stake in Pembina Pipeline Corp. by 1.2% during the first quarter. HighTower Advisors LLC now owns 7,730 shares of the pipeline company’s stock valued at $245,000 after acquiring an additional 93 shares during the period. Girard Partners LTD. increased its stake in Pembina Pipeline Corp. by 0.9% during the second quarter. Girard Partners LTD. now owns 11,498 shares of the pipeline company’s stock valued at $381,000 after acquiring an additional 97 shares during the period. Sei Investments Co. increased its stake in Pembina Pipeline Corp. by 0.5% during the second quarter. Sei Investments Co. now owns 24,708 shares of the pipeline company’s stock valued at $818,000 after acquiring an additional 125 shares during the period. Schroder Investment Management Group increased its stake in Pembina Pipeline Corp. by 0.7% during the second quarter. Schroder Investment Management Group now owns 42,207 shares of the pipeline company’s stock valued at $1,811,000 after acquiring an additional 275 shares during the period. Finally, Bard Associates Inc. increased its stake in Pembina Pipeline Corp. by 0.5% during the second quarter. Bard Associates Inc. now owns 54,992 shares of the pipeline company’s stock valued at $1,821,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 50.28% of the company’s stock.

Several brokerages recently issued reports on PBA. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Friday, July 21st. BidaskClub upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $41.50.

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Shares of Pembina Pipeline Corp. (NYSE PBA) opened at $35.80 on Friday. Pembina Pipeline Corp. has a 12 month low of $27.44 and a 12 month high of $36.29. The firm has a market capitalization of $18,139.02, a P/E ratio of 36.47 and a beta of 0.72. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75.

The business also recently disclosed a nov 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Saturday, November 25th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a dividend yield of 4.73%. Pembina Pipeline Corp.’s dividend payout ratio is currently 174.75%.

Pembina Pipeline Corp. Company 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 Corp. (NYSE:PBA)

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