PEMBINA PIPELINE CORPORATION
In the published model solve dated 2026-Q2, anchored at $47.16, PEMBINA PIPELINE CORPORATION (PBA) is priced for -2.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 28, 2026 from SEC EDGAR filings.
• Pembina is a Western Canadian midstream operator whose value sits in toll-collecting infrastructure: most of its revenue is fee-based, and roughly two-thirds runs on take-or-pay or cost-of-service contracts that pay whether or not volumes flow. • The dividend is the centerpiece, the company raised its quarterly payout 3.5% to C$0.735 a share, funded by adjusted cash flow that the fee-based model keeps steady through commodity swings. • The price already assumes a slight decline in operating pr
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413 institutional managers reported holding PBA in 13F filings for the quarter ended 2026-03-31. Together they hold about 50% of the company; the top 10 hold 26%. 56 opened new positions that quarter. Held by Vanguard Group, Geode Capital, Goldman Sachs, among others. On the short side, 9.4M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (6.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PBA's share count grew 5.6% over the past five years. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.