Also trades as: PPL.TO (TSX) · $vol 114M · PPL-PC.TO (TSX) · $vol 0M · PPL-PQ.TO (TSX) · $vol 0M · PPL-PA.TO (TSX) · $vol 0M · PMBPF (OTC) · $vol 0M · PBNAF (OTC) · $vol 0M · PPLAF (OTC) · $vol 0M
PBA Institutional Ownership
Pembina Pipeline Corporation
1W: -0.3%
1M: +10.9%
3M: -0.9%
YTD: +29.5%
1Y: +32.6%
3Y: +83.0%
5Y: +85.2%
$49.95
-0.36 (-0.72%)
Weekly Expected Move ±3.3%
$47
$49
$50
$52
$54
Credit Risk of going bust: lower than 85% of companies Debt: 25.3% of company value Bonds: $75.3M held by 13 funds → details ▾
If the stock fell to about $0.80 (down 98%), Pembina Pipeline Corporation would be worth roughly what it owes.
Total debt $9.84B against a stock market value of $29.05B.
Distance to default 11.20 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $5.19B (short-term plus half of long-term), stock volatility 20.0%; Altman Z'' 1.06. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Total debt $9.84B against a stock market value of $29.05B.
Distance to default 11.20 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $5.19B (short-term plus half of long-term), stock volatility 20.0%; Altman Z'' 1.06. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
Overview
Chart
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Financials
Income Statement
Cash Flow
Balance Sheet
Earnings
Analysis
Technicals
Weather
Peers
ESG
Institutions
ETF Exposure
Dark Pool
Short Interest
Institutional Ownership — PBA
479
Institutional Holders
+16 vs prior quarter
0.0%
Ownership
+0.00pp
$15B
Total Invested
47
New Positions
150
Increased
190
Reduced
40
Closed
0.73
Put/Call Ratio
Ownership Trends
Top Institutional Holders (502 total)
| # | Holder | Shares | Value | Change | Change % | Holding Period | Filing |
|---|---|---|---|---|---|---|---|
| 1 | ROYAL BANK OF CANADA | 45,437,977 | $2.3B | +6,711,862 | +17.3% | 57Q | SEC ↗ |
| 2 | BANK OF MONTREAL /CAN | 21,611,518 | $1.1B | +532,831 | +2.5% | 53Q | SEC ↗ |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 16,738,025 | $836M | +203,834 | +1.2% | 2Q | SEC ↗ |
| 4 | Clearbridge Investments, LLC | 13,315,671 | $665M | +4,870,392 | +57.7% | 11Q | SEC ↗ |
| 5 | CIBC WORLD MARKET INC. | 12,961,055 | $647M | +680,436 | +5.5% | 57Q | SEC ↗ |
| 6 | 1832 Asset Management L.P. | 9,953,497 | $497M | -1,773,370 | -15.1% | 57Q | SEC ↗ |
| 7 | GOLDMAN SACHS GROUP INC | 7,264,144 | $363M | +2,110,387 | +40.9% | 15Q | SEC ↗ |
| 8 | MACKENZIE FINANCIAL CORP | 7,134,199 | $356M | -1,147,482 | -13.9% | 41Q | SEC ↗ |
| 9 | FIL Ltd | 7,051,474 | $352M | -733,902 | -9.4% | 33Q | SEC ↗ |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 6,517,821 | $326M | +649,207 | +11.1% | 37Q | SEC ↗ |
| 11 | SCOTIA CAPITAL INC. | 6,336,302 | $316M | -409,973 | -6.1% | 57Q | SEC ↗ |
| 12 | MANUFACTURERS LIFE INSURANCE COMPANY, | 6,187,904 | $309M | -2,736,762 | -30.7% | 57Q | SEC ↗ |
| 13 | TD Asset Management Inc | 5,945,976 | $297M | -386,549 | -6.1% | 57Q | SEC ↗ |
| 14 | NATIONAL BANK OF CANADA /FI | 5,810,105 | $290M | +55,837 | +1.0% | 19Q | SEC ↗ |
| 15 | CANADA PENSION PLAN INVESTMENT BOARD | 5,731,205 | $286M | +4,471,260 | +354.9% | 28Q | SEC ↗ |
| 16 | DEUTSCHE BANK AG | 5,669,902 | $283M | -55,875 | -1.0% | 52Q | SEC ↗ |
| 17 | NORGES BANK NEW | 5,456,805 | $273M | — | +0.0% | 1Q | SEC ↗ |
| 18 | VANGUARD FIDUCIARY TRUST CO | 5,157,084 | $258M | +38,962 | +0.8% | 2Q | SEC ↗ |
| 19 | TORTOISE CAPITAL ADVISORS, L.L.C. | 4,623,490 | $231M | +640,542 | +16.1% | 33Q | SEC ↗ |
| 20 | MORGAN STANLEY | 4,565,932 | $228M | +650,842 | +16.6% | 57Q | SEC ↗ |
| 21 | Vanguard Global Advisers, LLC | 4,464,009 | $223M | +382,867 | +9.4% | 2Q | SEC ↗ |
| 22 | Legal & General Group Plc | 4,307,512 | $215M | -130,999 | -3.0% | 27Q | SEC ↗ |
| 23 | Amundi | 3,892,496 | $194M | +514,786 | +15.2% | 21Q | SEC ↗ |
| 24 | BANK OF NOVA SCOTIA | 3,763,790 | $188M | -2,620 | -0.1% | 15Q | SEC ↗ |
| 25 | Cardinal Capital Management, Inc. | 3,634,579 | $182M | +79,578 | +2.2% | 28Q | SEC ↗ |
| 26 | DIMENSIONAL FUND ADVISORS LP | 3,467,774 | $173M | +138,990 | +4.2% | 55Q | SEC ↗ |
| 27 | CIBC Asset Management Inc | 3,381,439 | $169M | -2,285,114 | -40.3% | 57Q | SEC ↗ |
| 28 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 3,316,430 | $166M | +188,676 | +6.0% | 9Q | SEC ↗ |
| 29 | JPMORGAN CHASE & CO | 3,206,989 | $160M | -290,317 | -8.3% | 57Q | SEC ↗ |
| 30 | TORONTO DOMINION BANK | 2,753,013 | $138M | +92,813 | +3.5% | 57Q | SEC ↗ |
| 31 | BANK OF AMERICA CORP /DE | 2,577,487 | $129M | -328,717 | -11.3% | 15Q | SEC ↗ |
| 32 | FMR LLC | 2,440,189 | $122M | +716,631 | +41.6% | 57Q | SEC ↗ |
| 33 | TD Waterhouse Canada Inc. | 2,419,798 | $121M | -49,699 | -2.0% | 19Q | SEC ↗ |
| 34 | ONTARIO TEACHERS PENSION PLAN BOARD NEW | 2,292,937 | $115M | — | +0.0% | 1Q | SEC ↗ |
| 35 | DekaBank Deutsche Girozentrale | 2,187,064 | $109M | — | +0.0% | 54Q | SEC ↗ |
| 36 | KAYNE ANDERSON CAPITAL ADVISORS LP | 2,112,513 | $106M | +505,980 | +31.5% | 38Q | SEC ↗ |
| 37 | Sixth Street Partners Management Compa NEW | 1,943,948 | $97M | — | +0.0% | 1Q | SEC ↗ |
| 38 | CHARLES SCHWAB INVESTMENT MANAGEMENT I | 1,943,948 | $97M | +117,820 | +6.5% | 9Q | SEC ↗ |
| 39 | Swiss National Bank | 1,878,596 | $94M | -77,300 | -4.0% | 53Q | SEC ↗ |
| 40 | INTACT INVESTMENT MANAGEMENT INC. | 1,802,664 | $90M | +101,200 | +5.9% | 57Q | SEC ↗ |
| 41 | UniSuper Management Pty Ltd | 1,727,514 | $86M | +161,453 | +10.3% | 13Q | SEC ↗ |
| 42 | BRITISH COLUMBIA INVESTMENT MANAGEMENT | 1,712,366 | $86M | +1,022,967 | +148.4% | 31Q | SEC ↗ |
| 43 | Invesco Ltd. | 1,593,373 | $80M | -684,756 | -30.1% | 57Q | SEC ↗ |
| 44 | BCV Asset Management Inc. | 1,577,026 | $79M | -15,362 | -1.0% | 3Q | SEC ↗ |
| 45 | NEUBERGER BERMAN GROUP LLC | 1,554,572 | $78M | +252,700 | +19.4% | 37Q | SEC ↗ |
| 46 | Recurrent Investment Advisors LLC | 1,498,252 | $75M | +4,002 | +0.3% | 27Q | SEC ↗ |
| 47 | WESTWOOD HOLDINGS GROUP INC | 1,350,792 | $67M | -114,740 | -7.8% | 15Q | SEC ↗ |
| 48 | Federation des caisses Desjardins du Q | 1,347,712 | $67M | -3,161 | -0.2% | 38Q | SEC ↗ |
| 49 | VANGUARD ASSET MANAGEMENT, Ltd | 1,225,725 | $61M | +138,233 | +12.7% | 2Q | SEC ↗ |
| 50 | FRANKLIN RESOURCES INC | 1,199,392 | $60M | -105,789 | -8.1% | 22Q | SEC ↗ |
Recent Activity
New Positions (20)
| Holder | Shares | Value |
|---|---|---|
| NORGES BANK | 5,456,805 | $273M |
| ONTARIO TEACHERS PENSION PLAN BOARD | 2,292,937 | $115M |
| Sixth Street Partners Management Co | 1,943,948 | $97M |
| Nykredit A/S | 238,133 | $12M |
| Triasima Portfolio Management inc. | 66,050 | $3M |
| Equitable Holdings, Inc. | 61,864 | $3M |
| J. Goldman & Co LP | 45,733 | $2M |
| Jupiter Topco LLC | 41,337 | $2M |
| Murchinson Ltd. | 25,038 | $1M |
| XTX Topco Ltd | 23,522 | $1M |
| Fideuram Asset Management (Ireland) | 21,054 | $1M |
| ACADIAN ASSET MANAGEMENT LLC | 18,196 | $909K |
| Balyasny Asset Management L.P. | 15,375 | $768K |
| Hazelview Securities Inc. | 14,886 | $744K |
| Brooklyn Investment Group | 12,730 | $636K |
| Caprock Group, LLC | 8,054 | $402K |
| Vise Technologies, Inc. | 7,610 | $380K |
| Caitong International Asset Managem | 6,597 | $330K |
| Savant Capital, LLC | 6,222 | $311K |
| MML INVESTORS SERVICES, LLC | 6,120 | $306K |
Sold Out (20)
| Holder | Prev Shares | Prev Value |
|---|---|---|
| LINCLUDEN MANAGEMENT LTD | 999,523 | $50M |
| MILLENNIUM MANAGEMENT LLC | 415,122 | $21M |
| Quadrature Capital Ltd | 381,300 | $19M |
| DAVIS-REA LTD. | 116,582 | $6M |
| Campbell & CO Investment Adviser LL | 93,416 | $5M |
| TABR Capital Management, LLC | 80,306 | $4M |
| ALBERT D MASON INC | 40,098 | $2M |
| ExodusPoint Capital Management, LP | 39,900 | $2M |
| Sciencast Management LP | 29,881 | $1M |
| GSA CAPITAL PARTNERS LLP | 26,347 | $1M |
| IEQ CAPITAL, LLC | 19,068 | $952K |
| CAPSTONE INVESTMENT ADVISORS, LLC | 18,286 | $913K |
| Walleye Capital LLC | 17,765 | $887K |
| DIVERSIFIED MANAGEMENT INC | 17,465 | $872K |
| SummitTX Capital, L.P. | 15,061 | $752K |
| Squarepoint Ops LLC | 14,497 | $724K |
| Entropy Technologies, LP | 13,974 | $698K |
| Summerhill Capital Management lnc. | 13,662 | $682K |
| HighPoint Advisor Group LLC | 12,362 | $617K |
| Brevan Howard Capital Management LP | 9,396 | $469K |
Biggest Increases (20)
| Holder | Added | Change % | Total Shares |
|---|---|---|---|
| ROYAL BANK OF CANADA | +6,711,862 | +17.3% | 45,437,977 |
| Clearbridge Investments, LLC | +4,870,392 | +57.7% | 13,315,671 |
| CANADA PENSION PLAN INVESTMENT BOAR | +4,471,260 | +354.9% | 5,731,205 |
| GOLDMAN SACHS GROUP INC | +2,110,387 | +40.9% | 7,264,144 |
| BRITISH COLUMBIA INVESTMENT MANAGEM | +1,022,967 | +148.4% | 1,712,366 |
| FMR LLC | +716,631 | +41.6% | 2,440,189 |
| Hillsdale Investment Management Inc | +694,796 | +207.0% | 1,030,460 |
| CIBC WORLD MARKET INC. | +680,436 | +5.5% | 12,961,055 |
| MORGAN STANLEY | +650,842 | +16.6% | 4,565,932 |
| GEODE CAPITAL MANAGEMENT, LLC | +649,207 | +11.1% | 6,517,821 |
| TORTOISE CAPITAL ADVISORS, L.L.C. | +640,542 | +16.1% | 4,623,490 |
| Public Sector Pension Investment Bo | +556,590 | +993.8% | 612,594 |
| BANK OF MONTREAL /CAN | +532,831 | +2.5% | 21,611,518 |
| Amundi | +514,786 | +15.2% | 3,892,496 |
| DZ BANK AG Deutsche Zentral Genosse | +510,440 | +179.0% | 795,659 |
| KAYNE ANDERSON CAPITAL ADVISORS LP | +505,980 | +31.5% | 2,112,513 |
| Vanguard Global Advisers, LLC | +382,867 | +9.4% | 4,464,009 |
| UBS Group AG | +323,270 | +43.3% | 1,069,480 |
| NEUBERGER BERMAN GROUP LLC | +252,700 | +19.4% | 1,554,572 |
| AQR CAPITAL MANAGEMENT LLC | +246,413 | +93.4% | 510,227 |
Biggest Decreases (20)
| Holder | Reduced | Change % | Total Shares |
|---|---|---|---|
| MANUFACTURERS LIFE INSURANCE COMPAN | -2,736,762 | -30.7% | 6,187,904 |
| JANUS HENDERSON GROUP PLC | -2,384,707 | -90.7% | 243,857 |
| CIBC Asset Management Inc | -2,285,114 | -40.3% | 3,381,439 |
| Alberta Investment Management Corp | -1,998,473 | -92.7% | 157,370 |
| 1832 Asset Management L.P. | -1,773,370 | -15.1% | 9,953,497 |
| MACKENZIE FINANCIAL CORP | -1,147,482 | -13.9% | 7,134,199 |
| FIL Ltd | -733,902 | -9.4% | 7,051,474 |
| Invesco Ltd. | -684,756 | -30.1% | 1,593,373 |
| Nuveen, LLC | -645,090 | -40.9% | 931,841 |
| D. E. Shaw & Co., Inc. | -447,824 | -35.3% | 822,219 |
| SCOTIA CAPITAL INC. | -409,973 | -6.1% | 6,336,302 |
| TD Asset Management Inc | -386,549 | -6.1% | 5,945,976 |
| BANK OF AMERICA CORP /DE | -328,717 | -11.3% | 2,577,487 |
| JPMORGAN CHASE & CO | -290,317 | -8.3% | 3,206,989 |
| AGF MANAGEMENT LTD | -286,263 | -97.9% | 6,279 |
| HEALTHCARE OF ONTARIO PENSION PLAN | -257,700 | -21.1% | 961,400 |
| CUSHING ASSET MANAGEMENT, LP dba NX | -199,000 | -14.7% | 1,158,100 |
| SUSQUEHANNA INTERNATIONAL GROUP, LL | -190,817 | -82.5% | 40,412 |
| RENAISSANCE TECHNOLOGIES LLC | -174,900 | -39.2% | 270,864 |
| Russell Investments Group, Ltd. | -173,927 | -32.4% | 362,908 |