Jacobson & Schmitt Advisors LLC increased its stake in Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) by 3.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 148,495 shares of the pipeline company’s stock after purchasing an additional 5,369 shares during the period. Pembina Pipeline accounts for 3.2% of Jacobson & Schmitt Advisors LLC’s portfolio, making the stock its 18th largest position. Jacobson & Schmitt Advisors LLC’s holdings in Pembina Pipeline were worth $5,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PBA. Motco bought a new stake in shares of Pembina Pipeline in the 1st quarter worth approximately $28,000. Parallel Advisors LLC lifted its holdings in shares of Pembina Pipeline by 350.0% in the 1st quarter. Parallel Advisors LLC now owns 810 shares of the pipeline company’s stock worth $29,000 after purchasing an additional 630 shares during the last quarter. Cornerstone Advisors Inc. lifted its holdings in shares of Pembina Pipeline by 51.7% in the 2nd quarter. Cornerstone Advisors Inc. now owns 804 shares of the pipeline company’s stock worth $30,000 after purchasing an additional 274 shares during the last quarter. Zions Bancorporation N.A. bought a new stake in shares of Pembina Pipeline in the 1st quarter worth approximately $36,000. Finally, Bremer Bank National Association bought a new stake in Pembina Pipeline during the 1st quarter valued at $39,000. 50.90% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline stock traded down $0.02 during mid-day trading on Wednesday, hitting $36.93. 39,604 shares of the company’s stock traded hands, compared to its average volume of 527,108. The firm has a 50 day moving average price of $37.30 and a 200 day moving average price of $36.70. The company has a quick ratio of 0.62, a current ratio of 0.68 and a debt-to-equity ratio of 0.64. The company has a market cap of $18.87 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 3.62 and a beta of 0.80. Pembina Pipeline Corp has a one year low of $28.30 and a one year high of $38.56.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, August 1st. The pipeline company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.81. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.68 billion. Pembina Pipeline had a return on equity of 13.92% and a net margin of 22.20%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 EPS. On average, analysts expect that Pembina Pipeline Corp will post 2.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date is Thursday, August 22nd. Pembina Pipeline’s dividend payout ratio is presently 103.39%.

Separately, Zacks Investment Research raised Pembina Pipeline from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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