Natixis Advisors LLC Grows Stock Holdings in Pembina Pipeline Co. (NYSE:PBA)

Natixis Advisors LLC boosted its holdings in Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 19.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,232 shares of the pipeline company’s stock after buying an additional 5,360 shares during the quarter. Natixis Advisors LLC’s holdings in Pembina Pipeline were worth $1,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Toronto Dominion Bank lifted 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 acquiring an additional 4,405,792 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of 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 purchasing an additional 3,043,200 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of 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 purchasing an additional 481,285 shares during the period. TD Asset Management Inc grew its stake 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 last quarter. Finally, Tortoise Capital Advisors L.L.C. increased its position in Pembina Pipeline by 6.9% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,542,997 shares of the pipeline company’s stock worth $168,512,000 after buying an additional 291,486 shares during the period. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $41.22 on Wednesday. The business has a 50 day simple moving average of $41.95 and a 200-day simple moving average of $39.42. Pembina Pipeline Co. has a 12 month low of $32.39 and a 12 month high of $43.44. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. The stock has a market capitalization of $23.93 billion, a PE ratio of 17.03 and a beta of 1.25.

Pembina Pipeline Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 6.70%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.50. Pembina Pipeline’s dividend payout ratio (DPR) is 84.30%.

Analyst Upgrades and Downgrades

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