Lincluden Management Ltd. Has $37.30 Million Stock Holdings in Pembina Pipeline Corp. $PBA

Lincluden Management Ltd. increased its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 927,892 shares of the pipeline company’s stock after purchasing an additional 68,013 shares during the period. Pembina Pipeline makes up 4.2% of Lincluden Management Ltd.’s portfolio, making the stock its 7th biggest position. Lincluden Management Ltd. owned approximately 0.16% of Pembina Pipeline worth $37,295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PBA. Westside Investment Management Inc. raised its holdings in Pembina Pipeline by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after buying an additional 404 shares during the period. Physician Wealth Advisors Inc. lifted its stake in Pembina Pipeline by 441.2% in the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock valued at $37,000 after buying an additional 750 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Pembina Pipeline in the third quarter valued at approximately $40,000. Larson Financial Group LLC increased its position in shares of Pembina Pipeline by 32.4% during the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after acquiring an additional 259 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Pembina Pipeline during the third quarter worth $45,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on PBA shares. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, February 27th. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Finally, TD Securities cut Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $60.00.

Pembina Pipeline Stock Performance

Shares of PBA stock opened at $44.52 on Tuesday. Pembina Pipeline Corp. has a 12 month low of $34.13 and a 12 month high of $45.09. The company’s fifty day simple moving average is $41.97 and its 200-day simple moving average is $39.78. The firm has a market cap of $25.87 billion, a PE ratio of 23.43 and a beta of 0.68. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm earned $0.92 earnings per share. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts expect that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.71 dividend. The ex-dividend date is Monday, March 16th. This represents a $2.84 annualized dividend and a dividend yield of 6.4%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 109.47%.

Pembina Pipeline Company 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.