Lincluden Management Ltd. Has $37.30 Million Position in Pembina Pipeline Corp. $PBA

Lincluden Management Ltd. grew its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 7.9% during the 3rd quarter, Holdings Channel reports. The firm owned 927,892 shares of the pipeline company’s stock after buying an additional 68,013 shares during the period. Pembina Pipeline comprises about 4.2% of Lincluden Management Ltd.’s investment portfolio, making the stock its 7th biggest position. Lincluden Management Ltd.’s holdings in Pembina Pipeline were worth $37,295,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 576,845 shares during the last quarter. JARISLOWSKY FRASER Ltd increased its holdings in Pembina Pipeline by 1,894.9% during the third quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company’s stock worth $356,468,000 after buying an additional 8,372,612 shares during the last quarter. TD Asset Management Inc raised 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 acquiring an additional 283,513 shares in the last quarter. CIBC Asset Management Inc raised its position in Pembina Pipeline by 47.4% during the second quarter. CIBC Asset Management Inc now owns 7,547,536 shares of the pipeline company’s stock worth $283,823,000 after acquiring an additional 2,427,939 shares in the last quarter. Finally, Scotia Capital Inc. lifted its stake in Pembina Pipeline by 12.6% in the third quarter. Scotia Capital Inc. now owns 6,425,487 shares of the pipeline company’s stock valued at $258,724,000 after acquiring an additional 717,773 shares during the last quarter. Institutional investors own 55.37% of the company’s stock.

Analysts Set New Price Targets

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

Pembina Pipeline Trading Down 0.3%

Shares of Pembina Pipeline stock opened at $44.52 on Tuesday. 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 business has a fifty day simple moving average of $41.97 and a two-hundred day simple moving average of $39.78. Pembina Pipeline Corp. has a 1 year low of $34.13 and a 1 year high of $45.09. The company has a market capitalization of $25.87 billion, a price-to-earnings ratio of 23.43 and a beta of 0.68.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.41 billion. Pembina Pipeline had a net margin of 21.76% and a return on equity of 11.17%. The company’s quarterly revenue was down 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. Research analysts forecast that Pembina Pipeline Corp. will post 2.15 EPS for the current year.

Pembina Pipeline Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a $0.71 dividend. The ex-dividend date is Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a yield of 6.4%. Pembina Pipeline’s dividend payout ratio is 109.47%.

Pembina Pipeline Profile

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.