Intech Investment Management LLC Has $2.83 Million Holdings in Pembina Pipeline Co. (NYSE:PBA)

Intech Investment Management LLC decreased its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 0.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,564 shares of the pipeline company’s stock after selling 284 shares during the quarter. Intech Investment Management LLC’s holdings in Pembina Pipeline were worth $2,829,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank raised its position in 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 purchasing an additional 4,405,792 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Pembina Pipeline by 56.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 8,387,525 shares of the pipeline company’s stock valued at $311,142,000 after buying an additional 3,043,200 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Pembina Pipeline by 8.1% in the 3rd quarter. CIBC Asset Management Inc now owns 6,405,991 shares of the pipeline company’s stock valued at $264,315,000 after buying an additional 481,285 shares during the last quarter. TD Asset Management Inc boosted its position in Pembina Pipeline by 0.9% during the 2nd 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 during the period. Finally, Tortoise Capital Advisors L.L.C. grew its holdings in Pembina Pipeline by 6.9% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,542,997 shares of the pipeline company’s stock worth $168,512,000 after acquiring an additional 291,486 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

Shares of PBA opened at $42.93 on Friday. 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 firm’s fifty day simple moving average is $41.92 and its two-hundred day simple moving average is $39.33. Pembina Pipeline Co. has a 12 month low of $32.39 and a 12 month high of $43.44. The stock has a market capitalization of $24.92 billion, a P/E ratio of 17.74 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The firm also recently announced 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. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.76 annualized dividend and a dividend yield of 6.43%. Pembina Pipeline’s dividend payout ratio is presently 84.30%.

Analyst Ratings Changes

Several research firms have recently issued reports on PBA. Citigroup raised their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, August 28th. Raymond James assumed coverage on Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating on the stock. Finally, UBS Group started coverage on Pembina Pipeline in a research note on Wednesday, September 11th. They issued a “neutral” rating for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.