Cardinal Capital Management 13F: Adds $167M to PBA Stake

In a filing on October 16, 2026, Cardinal Capital Management boosted its position in Pembina Pipeline Corporation (NYSE: PBA) to 7.36 million shares. This reflects an increase of about 3.72 million shares, or a 102.4% rise, valued at approximately $329.2 million.

What Changed in Cardinal Capital's Pembina Pipeline Position

Cardinal Capital's stake in Pembina Pipeline grew significantly, from 3.64 million to 7.36 million shares. This addition marks a notable increase in their investment in the company, indicating strong confidence in Pembina's future prospects.

Other Institutional Activity in Pembina Pipeline

Several other institutions have also made noteworthy moves in Pembina. Royal Bank of Canada increased its holdings by 6.71 million shares, totaling 45.44 million shares worth about $2.28 billion. Bank of Montreal added 533,279 shares, bringing its total to 21.61 million shares valued at approximately $1.08 billion. Additionally, ClearBridge Investments boosted its stake by 4.87 million shares, ending with 13.32 million shares worth around $667.1 million.

Pembina Pipeline Corporation Stock Up 3.3%

As of October 16, 2026, Pembina shares traded at about $49.78. This is above both the 50-day moving average of $47.61 and the 200-day moving average of $45.72. However, the stock is currently below its 52-week high of $51.58 by about 3.5%. The shares are also above their 52-week low of $36.20 by 37.5%. This positioning suggests steady market interest despite recent fluctuations.

Recent Earnings

Pembina reported trailing twelve-month revenue of approximately $7.96 billion and earnings per share (EPS) of $2.05. The company has demonstrated a revenue growth of 20.1% year-over-year and maintains a strong net margin of 22.4%. Its next earnings report is set for November 5, 2026.

Insider Buying and Selling at Pembina Pipeline Corporation

There are currently no reported insider transactions at Pembina Pipeline Corporation, which indicates stable leadership without recent stock sales or purchases.

About Pembina Pipeline Corporation

Pembina Pipeline Corporation provides energy transportation and midstream services across North America. The company operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. It has a transportation capacity of 3.0 million barrels of oil equivalent per day, serving various markets in the oil and gas industry.

Bottom Line

Cardinal Capital's significant increase in its Pembina stake highlights a strong belief in the company's growth potential. With the next earnings date approaching on November 5, 2026, all eyes will be on Pembina's performance. Keep in mind that this filing reflects Cardinal Capital's position as of the end of the reporting quarter and may not represent their current holdings.