Pembina Pipeline Corp (NYSE:PBA) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,145,248 shares of the pipeline company’s stock after buying an additional 44,667 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.23% of Pembina Pipeline worth $40,163,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PBA. Dimensional Fund Advisors LP increased its holdings in Pembina Pipeline by 46.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 157,625 shares of the pipeline company’s stock worth $4,998,000 after purchasing an additional 49,720 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Pembina Pipeline by 136.8% in the 1st quarter. AQR Capital Management LLC now owns 47,766 shares of the pipeline company’s stock worth $1,509,000 after acquiring an additional 27,591 shares in the last quarter. Forsta AP Fonden grew its position in shares of Pembina Pipeline by 237.5% in the 2nd quarter. Forsta AP Fonden now owns 453,295 shares of the pipeline company’s stock worth $14,991,000 after acquiring an additional 319,000 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Pembina Pipeline by 0.3% in the 2nd quarter. APG Asset Management N.V. now owns 488,135 shares of the pipeline company’s stock worth $20,965,000 after acquiring an additional 1,440 shares in the last quarter. Finally, Baskin Financial Services Inc. grew its position in shares of Pembina Pipeline by 0.3% in the 2nd quarter. Baskin Financial Services Inc. now owns 280,672 shares of the pipeline company’s stock worth $9,285,000 after acquiring an additional 860 shares in the last quarter. Institutional investors and hedge funds own 42.45% of the company’s stock.

PBA has been the subject of a number of analyst reports. Zacks Investment Research lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub lowered Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Pembina Pipeline has a consensus rating of “Hold” and an average price target of $41.50.

Pembina Pipeline Corp (PBA) traded down $0.12 on Wednesday, hitting $34.95. The stock had a trading volume of 493,506 shares, compared to its average volume of 373,573. The company has a market cap of $17,500.89, a P/E ratio of 35.18 and a beta of 0.74. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75. Pembina Pipeline Corp has a 12 month low of $29.47 and a 12 month high of $36.29.

The business also recently announced a nov 17 dividend, which will be paid on Friday, December 15th. Stockholders of record on Saturday, November 25th will be given a dividend of $0.18 per share. This represents a dividend yield of 4.73%. The ex-dividend date is Wednesday, November 22nd. Pembina Pipeline’s dividend payout ratio (DPR) is presently 171.72%.

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About Pembina Pipeline

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.

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

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