Healthcare of Ontario Pension Plan Trust Fund Invests $8.28 Million in Pembina Pipeline Co. (NYSE:PBA)


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Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) during the fourth quarter, HoldingsChannel reports. The fund purchased 350,000 shares of the pipeline company’s stock, valued at approximately $8,279,000.

A number of other institutional investors have also modified their holdings of the business. Institutional & Family Asset Management LLC grew its position in shares of Pembina Pipeline by 65.2% during the 4th quarter. Institutional & Family Asset Management LLC now owns 1,046 shares of the pipeline company’s stock worth $25,000 after purchasing an additional 413 shares in the last quarter. ADE LLC bought a new stake in shares of Pembina Pipeline in the fourth quarter valued at approximately $27,000. Fieldpoint Private Securities LLC acquired a new stake in Pembina Pipeline during the fourth quarter worth approximately $39,000. US Bancorp DE increased its stake in Pembina Pipeline by 39.8% during the 3rd quarter. US Bancorp DE now owns 1,755 shares of the pipeline company’s stock worth $37,000 after acquiring an additional 500 shares during the period. Finally, Eudaimonia Partners LLC increased its stake in Pembina Pipeline by 49.9% during the 3rd quarter. Eudaimonia Partners LLC now owns 2,584 shares of the pipeline company’s stock worth $55,000 after acquiring an additional 860 shares during the period. Institutional investors and hedge funds own 54.95% of the company’s stock.

PBA has been the topic of several analyst reports. Stifel Firstegy lowered Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Monday, December 14th. CIBC reduced their price objective on shares of Pembina Pipeline from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Friday, February 26th. BMO Capital Markets boosted their target price on shares of Pembina Pipeline from $35.00 to $37.00 and gave the company a “market perform” rating in a research report on Friday, February 26th. National Bank Financial reiterated a “sector perform” rating on shares of Pembina Pipeline in a research report on Wednesday, January 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Pembina Pipeline from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, January 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.00.

Shares of NYSE:PBA opened at $29.23 on Thursday. The company has a fifty day moving average of $28.53 and a 200-day moving average of $25.47. The company has a market capitalization of $16.08 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 2.96 and a beta of 1.41. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.54 and a current ratio of 0.71. Pembina Pipeline Co. has a 52-week low of $18.14 and a 52-week high of $30.95.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 25th. The pipeline company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). Pembina Pipeline had a net margin of 16.40% and a return on equity of 7.37%. The firm had revenue of $1.30 billion for the quarter. On average, equities analysts forecast that Pembina Pipeline Co. will post 1.56 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, March 25th will be issued a dividend of $0.1658 per share. This represents a $1.99 dividend on an annualized basis and a yield of 6.81%. This is a positive change from Pembina Pipeline’s previous monthly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, March 24th. Pembina Pipeline’s payout ratio is presently 99.00%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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