Geode Capital Management LLC Grows Holdings in Pembina Pipeline Corp. $PBA

Posted by Brian Himes on Jun 3rd, 2026

Geode Capital Management LLC grew its stake in Pembina Pipeline Corp. (NYSE:PBA – Free Report) (TSE:PPL) by 7.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,781,068 shares of the pipeline company’s stock after buying an additional 385,201 shares during the period. Geode Capital Management LLC’s holdings in Pembina Pipeline were worth $224,837,000 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 stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth approximately $31,000. Westside Investment Management Inc. lifted its holdings in shares of Pembina Pipeline by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after acquiring an additional 404 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in shares of Pembina Pipeline by 441.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 750 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Pembina Pipeline by 32.4% in the 3rd quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after acquiring an additional 259 shares during the last quarter. Finally, Fulcrum Asset Management LLP bought a new stake in shares of Pembina Pipeline in the 3rd quarter worth approximately $46,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PBA shares. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a report on Thursday, May 21st. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Pembina Pipeline in a report on Tuesday, May 26th. BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a report on Tuesday, May 26th. Finally, TD Securities upgraded shares of Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average price target of $62.67.

Read Our Latest Research Report on PBA

Pembina Pipeline Stock Up 2.6%

NYSE:PBA opened at $48.82 on Wednesday. The firm’s 50-day moving average price is $45.64 and its 200-day moving average price is $42.30. The company has a market capitalization of $28.38 billion, a PE ratio of 25.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. Pembina Pipeline Corp. has a 1-year low of $35.45 and a 1-year high of $50.10.

Pembina Pipeline (NYSE:PBA – Get Free Report) (TSE:PPL) last released its earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. On average, equities analysts predict that Pembina Pipeline Corp. will post 2.28 EPS for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.735 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.94 annualized dividend and a yield of 6.0%. Pembina Pipeline’s payout ratio is currently 108.33%.

Pembina Pipeline Profile

(Free Report)

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.