Quantinno Capital Management LP Raises Stock Position in Pembina Pipeline Co. (NYSE:PBA)

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

Several other large investors have also recently added to or reduced their stakes in PBA. CWM LLC raised its position in Pembina Pipeline by 68.0% in the 2nd quarter. CWM LLC now owns 5,676 shares of the pipeline company’s stock valued at $210,000 after purchasing an additional 2,298 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Pembina Pipeline by 4.5% in the second quarter. Sequoia Financial Advisors LLC now owns 11,907 shares of the pipeline company’s stock valued at $442,000 after acquiring an additional 508 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Pembina Pipeline by 3.8% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,558 shares of the pipeline company’s stock worth $503,000 after acquiring an additional 500 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Pembina Pipeline by 37.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 21,298 shares of the pipeline company’s stock worth $790,000 after acquiring an additional 5,778 shares in the last quarter. Finally, Cidel Asset Management Inc. increased its position in shares of Pembina Pipeline by 2.8% in the 2nd quarter. Cidel Asset Management Inc. now owns 249,603 shares of the pipeline company’s stock valued at $9,259,000 after purchasing an additional 6,760 shares during the last quarter. 55.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PBA. Citigroup boosted their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. UBS Group started coverage on Pembina Pipeline in a research report on Wednesday, September 11th. They set a “neutral” rating for the company. Barclays assumed coverage on Pembina Pipeline in a research report on Thursday. They set an “overweight” rating on the stock. Finally, Raymond James started coverage on Pembina Pipeline in a report on Friday, October 11th. They issued an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Pembina Pipeline has a consensus rating of “Hold” and a consensus target price of $56.50.

Pembina Pipeline Stock Down 0.6 %

Pembina Pipeline stock opened at $38.35 on Friday. The company has a market capitalization of $22.26 billion, a P/E ratio of 15.85 and a beta of 1.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65. Pembina Pipeline Co. has a fifty-two week low of $32.39 and a fifty-two week high of $43.44. The stock has a 50-day simple moving average of $41.57 and a 200-day simple moving average of $39.65.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.69 dividend. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. This represents a $2.76 annualized dividend and a dividend yield of 7.20%. The ex-dividend date is Monday, December 16th. Pembina Pipeline’s dividend payout ratio is presently 84.30%.

Pembina Pipeline Company 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.