Tacita Capital Inc Purchases Shares of 51,774 Pembina Pipeline Corp. $PBA

Tacita Capital Inc acquired a new position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,774 shares of the pipeline company’s stock, valued at approximately $2,391,000. Pembina Pipeline comprises approximately 1.3% of Tacita Capital Inc’s holdings, making the stock its 18th largest position.

Other large investors have also recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of Pembina Pipeline during the first quarter worth about $25,000. Tobam bought a new position in Pembina Pipeline in the 4th quarter valued at about $28,000. Dunhill Financial LLC bought a new position in Pembina Pipeline in the 2nd quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new position in Pembina Pipeline during the 2nd quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Pembina Pipeline during the 3rd quarter valued at about $31,000. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Stock Down 1.6%

PBA stock opened at $48.55 on Thursday. The stock has a market cap of $28.23 billion, a P/E ratio of 23.80 and a beta of 0.57. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78. The stock’s fifty day simple moving average is $48.41 and its two-hundred day simple moving average is $46.30. Pembina Pipeline Corp. has a 1-year low of $36.20 and a 1-year high of $51.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%.The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. Analysts expect that Pembina Pipeline Corp. will post 2.23 EPS for the current year.

Pembina Pipeline Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Pembina Pipeline’s dividend payout ratio is currently 104.41%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research note on Thursday, May 21st. Royal Bank Of Canada lifted their target price on Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Weiss Ratings downgraded Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. TD Securities reissued a “buy” rating on shares of Pembina Pipeline in a research report on Thursday, July 16th. Finally, Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.00.

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.