Ensign Peak Advisors Inc Increases Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Ensign Peak Advisors Inc boosted its stake in Pembina Pipeline Co. (NYSE:PBA – Get Rating) (TSE:PPL) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,900 shares of the pipeline company’s stock after purchasing an additional 900 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Pembina Pipeline were worth $825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Pembina Pipeline by 2.8% in the first quarter. Vanguard Group Inc. now owns 18,664,547 shares of the pipeline company’s stock valued at $701,787,000 after purchasing an additional 516,282 shares in the last quarter. Deutsche Bank AG raised its stake in Pembina Pipeline by 8.5% in the second quarter. Deutsche Bank AG now owns 16,150,728 shares of the pipeline company’s stock valued at $570,929,000 after purchasing an additional 1,261,339 shares in the last quarter. Mackenzie Financial Corp raised its stake in Pembina Pipeline by 0.4% in the third quarter. Mackenzie Financial Corp now owns 10,155,763 shares of the pipeline company’s stock valued at $308,147,000 after purchasing an additional 42,367 shares in the last quarter. Toronto Dominion Bank raised its stake in Pembina Pipeline by 18.6% in the third quarter. Toronto Dominion Bank now owns 9,065,679 shares of the pipeline company’s stock valued at $294,997,000 after purchasing an additional 1,421,507 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Pembina Pipeline by 36.1% in the second quarter. Goldman Sachs Group Inc. now owns 5,648,817 shares of the pipeline company’s stock valued at $199,686,000 after purchasing an additional 1,499,309 shares in the last quarter. 55.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on PBA shares. StockNews.com downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Monday, February 27th. Raymond James lifted their price target on shares of Pembina Pipeline from C$46.00 to C$47.00 in a research note on Tuesday, December 13th. National Bank Financial lifted their price target on shares of Pembina Pipeline from C$46.00 to C$47.00 in a research note on Friday, January 27th. TheStreet raised shares of Pembina Pipeline from a “c+” rating to a “b-” rating in a research note on Thursday, November 17th. Finally, Wells Fargo & Company raised shares of Pembina Pipeline from an “equal weight” rating to an “overweight” rating in a research note on Friday, December 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.63.

Pembina Pipeline Stock Down 1.5 %

Shares of Pembina Pipeline stock opened at $32.32 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.53 and a current ratio of 0.67. Pembina Pipeline Co. has a 52-week low of $29.64 and a 52-week high of $42.74. The stock has a market capitalization of $17.79 billion, a price-to-earnings ratio of 8.18, a P/E/G ratio of 5.03 and a beta of 1.29. The company’s 50 day moving average price is $34.50 and its 200-day moving average price is $34.04.

Pembina Pipeline Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Tuesday, March 14th. Pembina Pipeline’s dividend payout ratio is 49.37%.

Pembina Pipeline Profile

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Pembina Pipeline Corp. engages in the provision of transportation and midstream services. It operates through the following segments: Pipelines, Facilities, Marketing and New Ventures, and Corporate. The Pipelines segment includes conventional, oil sands and transmission pipeline systems, crude oil storage and terminalling business and related infrastructure.