Westwood Holdings Group Inc. Continues to Hold Stake in Pembina Pipeline Corp. (PBA)

Westwood Holdings Group Inc. maintained its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,462 shares of the pipeline company’s stock at the end of the 2nd quarter. Westwood Holdings Group Inc.’s holdings in Pembina Pipeline Corp. were worth $313,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PBA. The Manufacturers Life Insurance Company grew its position in shares of Pembina Pipeline Corp. by 133.4% in the second quarter. The Manufacturers Life Insurance Company now owns 3,121,883 shares of the pipeline company’s stock valued at $103,718,000 after purchasing an additional 1,784,451 shares in the last quarter. Bank of Montreal Can grew its position in shares of Pembina Pipeline Corp. by 13.9% in the second quarter. Bank of Montreal Can now owns 12,169,430 shares of the pipeline company’s stock valued at $403,051,000 after purchasing an additional 1,488,648 shares in the last quarter. Kayne Anderson Capital Advisors LP grew its position in shares of Pembina Pipeline Corp. by 199.6% in the second quarter. Kayne Anderson Capital Advisors LP now owns 1,737,700 shares of the pipeline company’s stock valued at $57,545,000 after purchasing an additional 1,157,700 shares in the last quarter. Jarislowsky Fraser Ltd grew its position in shares of Pembina Pipeline Corp. by 10.0% in the second quarter. Jarislowsky Fraser Ltd now owns 12,281,783 shares of the pipeline company’s stock valued at $406,177,000 after purchasing an additional 1,118,498 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Pembina Pipeline Corp. by 502.2% in the second quarter. Jennison Associates LLC now owns 1,271,009 shares of the pipeline company’s stock valued at $42,096,000 after purchasing an additional 1,059,961 shares in the last quarter. Institutional investors and hedge funds own 49.84% of the company’s stock.

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A number of equities research analysts have recently issued reports on PBA shares. BidaskClub upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded Pembina Pipeline Corp. from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research report on Friday, July 21st. Finally, AltaCorp Capital upgraded Pembina Pipeline Corp. from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the stock. Pembina Pipeline Corp. has a consensus rating of “Buy” and a consensus target price of $43.00.

Shares of Pembina Pipeline Corp. (NYSE:PBA) traded down 0.93% on Tuesday, reaching $33.92. The company had a trading volume of 56,278 shares. The firm has a 50-day moving average price of $33.90 and a 200 day moving average price of $32.97. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 32.21 and a beta of 0.73. Pembina Pipeline Corp. has a 1-year low of $27.44 and a 1-year high of $35.63.

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) last released its earnings results on Tuesday, August 1st. The pipeline company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.08). The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Pembina Pipeline Corp. had a return on equity of 8.60% and a net margin of 12.12%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.25 earnings per share. Equities research analysts predict that Pembina Pipeline Corp. will post $1.28 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be paid a $0.144 dividend. This is a boost from Pembina Pipeline Corp.’s previous monthly dividend of $0.14. This represents a $1.73 annualized dividend and a yield of 5.05%. The ex-dividend date is Tuesday, October 24th. Pembina Pipeline Corp.’s payout ratio is presently 168.04%.

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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