Kraematon Investment Advisors Inc. Decreases Stock Position in Pembina Pipeline Corp. $PBA

Kraematon Investment Advisors Inc. cut its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 2.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,266 shares of the pipeline company’s stock after selling 1,266 shares during the quarter. Pembina Pipeline accounts for about 2.1% of Kraematon Investment Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Kraematon Investment Advisors Inc.’s holdings in Pembina Pipeline were worth $2,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of PBA. Goldman Sachs Group Inc. boosted its stake in shares of Pembina Pipeline by 78.1% during the first quarter. Goldman Sachs Group Inc. now owns 7,088,945 shares of the pipeline company’s stock valued at $283,770,000 after purchasing an additional 3,108,920 shares during the period. The Manufacturers Life Insurance Company boosted its position in Pembina Pipeline by 136.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,995,460 shares of the pipeline company’s stock valued at $160,681,000 after buying an additional 2,307,634 shares during the period. Nuveen LLC bought a new stake in Pembina Pipeline in the 1st quarter worth $83,743,000. Invesco Ltd. increased its position in shares of Pembina Pipeline by 55.2% in the first quarter. Invesco Ltd. now owns 2,522,129 shares of the pipeline company’s stock valued at $100,961,000 after acquiring an additional 897,386 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Pembina Pipeline by 27.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,329,122 shares of the pipeline company’s stock valued at $133,265,000 after acquiring an additional 713,017 shares during the period. 55.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Monday, August 11th. National Bank Financial raised Pembina Pipeline from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 25th. BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. Wells Fargo & Company cut shares of Pembina Pipeline from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Pembina Pipeline Trading Up 6.3%

Pembina Pipeline stock opened at $42.18 on Friday. Pembina Pipeline Corp. has a 12 month low of $34.13 and a 12 month high of $43.44. The company has a market capitalization of $24.51 billion, a price-to-earnings ratio of 19.80 and a beta of 0.76. The business’s fifty day simple moving average is $38.17 and its two-hundred day simple moving average is $37.89. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 0.81.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were given a dividend of $0.71 per share. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.84 annualized dividend and a yield of 6.7%. Pembina Pipeline’s payout ratio is currently 97.18%.

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.