Pembina Pipeline Corp. $PBA Shares Acquired by Sienna Gestion

Sienna Gestion lifted its position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 1,412,500.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 339,024 shares of the pipeline company’s stock after buying an additional 339,000 shares during the period. Pembina Pipeline accounts for approximately 0.9% of Sienna Gestion’s portfolio, making the stock its 27th largest holding. Sienna Gestion owned approximately 0.06% of Pembina Pipeline worth $12,500,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Pembina Pipeline by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 26,691,827 shares of the pipeline company’s stock valued at $1,079,231,000 after acquiring an additional 576,845 shares during the last quarter. JARISLOWSKY FRASER Ltd increased its stake in Pembina Pipeline by 1,894.9% in the third quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company’s stock valued at $356,468,000 after purchasing an additional 8,372,612 shares during the last quarter. TD Asset Management Inc lifted its position in Pembina Pipeline by 3.9% during the third quarter. TD Asset Management Inc now owns 7,582,203 shares of the pipeline company’s stock worth $306,634,000 after buying an additional 283,513 shares during the period. CIBC Asset Management Inc boosted its stake in Pembina Pipeline by 47.4% in the 2nd quarter. CIBC Asset Management Inc now owns 7,547,536 shares of the pipeline company’s stock worth $283,823,000 after buying an additional 2,427,939 shares during the last quarter. Finally, Norges Bank acquired a new stake in Pembina Pipeline in the 2nd quarter worth about $229,613,000. Institutional investors and hedge funds own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

PBA has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, February 27th. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Finally, TD Securities lowered shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Pembina Pipeline has an average rating of “Moderate Buy” and an average target price of $60.00.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $44.61 on Monday. Pembina Pipeline Corp. has a 12-month low of $34.13 and a 12-month high of $45.09. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. The company has a market capitalization of $25.92 billion, a price-to-earnings ratio of 23.48 and a beta of 0.68. The firm’s fifty day moving average price is $41.20 and its 200 day moving average price is $39.49.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data 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 return on equity of 11.17% and a net margin of 21.76%.The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm earned $0.92 EPS. Pembina Pipeline’s quarterly revenue was down 10.8% on a year-over-year basis. On average, research analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a dividend of $0.71 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.4%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 106.84%.

About Pembina Pipeline

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.