Waratah Capital Advisors Ltd. Makes New Investment in Pembina Pipeline Corp. $PBA

Waratah Capital Advisors Ltd. acquired a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 150,109 shares of the pipeline company’s stock, valued at approximately $6,073,000.

Several other hedge funds have also recently modified their holdings of the stock. Lansforsakringar Fondforvaltning AB publ increased its holdings in Pembina Pipeline by 14.2% in the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 133,926 shares of the pipeline company’s stock valued at $5,416,000 after acquiring an additional 16,623 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Pembina Pipeline by 96.3% in the third quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company’s stock worth $8,775,000 after purchasing an additional 106,419 shares during the last quarter. Broderick Brian C lifted its position in shares of Pembina Pipeline by 2.5% in the third quarter. Broderick Brian C now owns 32,523 shares of the pipeline company’s stock worth $1,316,000 after buying an additional 800 shares in the last quarter. Fiera Capital Corp lifted its position in shares of Pembina Pipeline by 12.6% in the third quarter. Fiera Capital Corp now owns 1,073,818 shares of the pipeline company’s stock worth $43,402,000 after buying an additional 120,272 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its stake in Pembina Pipeline by 5.8% during the third quarter. Ontario Teachers Pension Plan Board now owns 46,676 shares of the pipeline company’s stock valued at $1,887,000 after buying an additional 2,547 shares during the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on PBA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. Zacks Research upgraded shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday, December 16th. Finally, TD Securities cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Pembina Pipeline Stock Up 0.3%

NYSE PBA opened at $44.25 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77. The company has a fifty day moving average of $40.08 and a two-hundred day moving average of $39.05. The firm has a market capitalization of $25.71 billion, a price-to-earnings ratio of 22.12 and a beta of 0.68. Pembina Pipeline Corp. has a 52 week low of $34.13 and a 52 week high of $44.60.

Pembina Pipeline Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.