Catalyst Capital Advisors LLC Sells 29,781 Shares of Pembina Pipeline Corp. $PBA

Catalyst Capital Advisors LLC lowered its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 370,106 shares of the pipeline company’s stock after selling 29,781 shares during the period. Catalyst Capital Advisors LLC’s holdings in Pembina Pipeline were worth $16,566,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Midwest Professional Planners LTD. increased its holdings in Pembina Pipeline by 1.7% during the 1st quarter. Midwest Professional Planners LTD. now owns 24,008 shares of the pipeline company’s stock valued at $1,075,000 after purchasing an additional 410 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Pembina Pipeline by 5.8% during the first quarter. Sanctuary Advisors LLC now owns 8,425 shares of the pipeline company’s stock valued at $377,000 after buying an additional 462 shares during the period. Maryland State Retirement & Pension System increased its stake in shares of Pembina Pipeline by 7.2% during the first quarter. Maryland State Retirement & Pension System now owns 712,792 shares of the pipeline company’s stock valued at $31,950,000 after buying an additional 47,973 shares during the period. Kestra Advisory Services LLC raised its holdings in shares of Pembina Pipeline by 2.4% during the first quarter. Kestra Advisory Services LLC now owns 37,770 shares of the pipeline company’s stock valued at $1,691,000 after acquiring an additional 890 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its holdings in shares of Pembina Pipeline by 0.7% during the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,357,100 shares of the pipeline company’s stock valued at $60,744,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PBA shares. BMO Capital Markets reiterated a “market perform” rating and issued a $68.00 price target on shares of Pembina Pipeline in a report on Friday, July 3rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Pembina Pipeline in a report on Friday, July 3rd. TD Securities reaffirmed a “buy” rating on shares of Pembina Pipeline in a research report on Thursday. Weiss Ratings lowered shares of Pembina Pipeline from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Barclays reiterated an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Pembina Pipeline presently has a consensus rating of “Hold” and a consensus target price of $64.00.

Pembina Pipeline Stock Performance

Shares of Pembina Pipeline stock opened at $51.28 on Friday. Pembina Pipeline Corp. has a 12 month low of $35.45 and a 12 month high of $51.56. The firm has a market capitalization of $29.82 billion, a P/E ratio of 26.71 and a beta of 0.57. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The business has a fifty day simple moving average of $48.00 and a two-hundred day simple moving average of $44.54.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.80 EPS. On average, equities analysts forecast that Pembina Pipeline Corp. will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.735 per share. The ex-dividend date was Monday, June 15th. This represents a $2.94 dividend on an annualized basis and a yield of 5.7%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s dividend payout ratio (DPR) is 110.94%.

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.