Pembina Pipeline Corp. $PBA Shares Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. increased its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 94.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 128,125 shares of the pipeline company’s stock after purchasing an additional 62,075 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Pembina Pipeline were worth $5,733,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in Pembina Pipeline in the first quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new position in Pembina Pipeline in the second quarter valued at approximately $31,000. N.E.W. Advisory Services LLC acquired a new stake in Pembina Pipeline during the second quarter worth approximately $31,000. Integrated Wealth Concepts LLC acquired a new stake in Pembina Pipeline during the second quarter worth approximately $33,000. Finally, Tobam acquired a new stake in Pembina Pipeline during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Down 0.6%

Shares of NYSE PBA opened at $48.23 on Friday. The stock has a market cap of $28.05 billion, a PE ratio of 23.64 and a beta of 0.62. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. Pembina Pipeline Corp. has a 52-week low of $36.20 and a 52-week high of $51.58. The business has a 50-day moving average price of $47.63 and a 200 day moving average price of $47.28.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.46 billion. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. Equities research analysts forecast that Pembina Pipeline Corp. will post 2.20 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were issued a C$0.73 dividend. This represents a $2.94 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Pembina Pipeline’s dividend payout ratio is presently 103.92%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PBA. Wall Street Zen upgraded shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research report on Wednesday, October 7th. Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday. Weiss Ratings upgraded shares of Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 6th. Finally, Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.00.

Pembina Pipeline Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides transportation and midstream services for the oil, natural gas and natural gas liquids industries. Its operations are focused primarily on Western Canada, where it connects hydrocarbon-producing regions with processing facilities, storage sites, refineries, petrochemical markets and export channels.

The company owns and operates an extensive network of pipelines and related infrastructure. Its services include hydrocarbon gathering and transportation, natural gas processing, fractionation and storage of natural gas liquids, terminalling and rail services.