Pembina Pipeline Corp. $PBA Stock Holdings Lessened by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. trimmed its position in shares of Pembina Pipeline Corp. (NYSE:PBA – Free Report) (TSE:PPL) by 8.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 206,061 shares of the pipeline company’s stock after selling 18,061 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Pembina Pipeline were worth $9,221,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in shares of Pembina Pipeline in the second quarter worth about $285,738,000. Canada Pension Plan Investment Board purchased a new stake in Pembina Pipeline in the 2nd quarter worth approximately $264,907,000. Deutsche Bank AG purchased a new stake in Pembina Pipeline in the 2nd quarter worth approximately $262,233,000. Legal & General Group Plc bought a new stake in shares of Pembina Pipeline in the 2nd quarter worth approximately $199,230,000. Finally, Amundi grew its position in shares of Pembina Pipeline by 15.2% in the 2nd quarter. Amundi now owns 3,892,496 shares of the pipeline company’s stock worth $180,028,000 after buying an additional 514,786 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Stock Up 1.7%

Pembina Pipeline stock traded up $0.83 during trading hours on Tuesday, hitting $48.63. 1,710,826 shares of the stock traded hands, compared to its average volume of 1,261,613. Pembina Pipeline Corp. has a one year low of $36.20 and a one year high of $51.58. The firm’s 50-day moving average price is $47.60 and its two-hundred day moving average price is $47.25. The company has a current ratio of 0.62, a quick ratio of 0.50 and a debt-to-equity ratio of 0.78. The company has a market cap of $28.28 billion, a PE ratio of 23.84 and a beta of 0.62.

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

Pembina Pipeline Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a C$0.73 dividend. This represents a $2.94 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Pembina Pipeline’s dividend payout ratio is presently 103.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays reissued an “overweight” rating on shares of Pembina Pipeline in a research note on Wednesday, October 7th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, July 31st. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a report on Monday, July 20th. Weiss Ratings raised shares of Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 6th. Finally, TD Securities restated a “buy” rating on shares of Pembina Pipeline in a report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.00.

Read Our Latest Analysis on Pembina Pipeline

About Pembina Pipeline

(Free Report)

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.

Featured Stories

• Five stocks we like better than Pembina Pipeline
• A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
• Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
• Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
• Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs

Want to see what other hedge funds are holding PBA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pembina Pipeline Corp. (NYSE:PBA – Free Report) (TSE:PPL).