Walter Public Investments Inc. Purchases New Stake in Pembina Pipeline Corp. $PBA

Walter Public Investments Inc. acquired a new stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 98,292 shares of the pipeline company’s stock, valued at approximately $4,385,000.

Other institutional investors have also added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in Pembina Pipeline during the first quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Pembina Pipeline in the 2nd quarter valued at $31,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Pembina Pipeline in the 2nd quarter valued at $31,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Pembina Pipeline in the 2nd quarter valued at $33,000. Finally, Markowski Investments bought a new position in shares of Pembina Pipeline in the 2nd quarter valued at $54,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

PBA stock opened at $49.85 on Thursday. The company has a 50 day simple moving average of $48.05 and a 200 day simple moving average of $46.74. The stock has a market cap of $28.99 billion, a price-to-earnings ratio of 22.49 and a beta of 0.59. Pembina Pipeline Corp. has a 1 year low of $36.20 and a 1 year high of $51.58. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.75 and a quick ratio of 0.59.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, November 5th. The pipeline company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. Pembina Pipeline had a net margin of 24.77% and a return on equity of 12.60%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 21.7% on a year-over-year basis. Research analysts anticipate that Pembina Pipeline Corp. will post 2.26 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a C$0.73 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Tuesday, December 15th. Pembina Pipeline’s dividend payout ratio is presently 88.70%.

Analysts Set New Price Targets

A number of research firms have recently commented on PBA. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a report on Wednesday, October 7th. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Scotiabank cut Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. Finally, Weiss Ratings upgraded Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.00.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses. The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.