80,306 Shares in Pembina Pipeline Corp. $PBA Purchased by TABR Capital Management LLC

TABR Capital Management LLC purchased a new stake in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 80,306 shares of the pipeline company’s stock, valued at approximately $3,056,000. Pembina Pipeline makes up about 1.2% of TABR Capital Management LLC’s portfolio, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBA. JARISLOWSKY FRASER Ltd raised its stake in shares of 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 worth $356,468,000 after purchasing an additional 8,372,612 shares during the last quarter. Norges Bank purchased a new position in shares of Pembina Pipeline during the second quarter valued at approximately $229,613,000. CIBC Asset Management Inc boosted its position in shares of 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 valued at $283,823,000 after buying an additional 2,427,939 shares during the last quarter. MUFG Securities EMEA plc bought a new stake in Pembina Pipeline during the second quarter worth $52,514,000. Finally, The Manufacturers Life Insurance Company raised its position in Pembina Pipeline by 29.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,169,664 shares of the pipeline company’s stock valued at $193,094,000 after buying an additional 1,174,204 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Pembina Pipeline Trading Up 0.9%

NYSE PBA opened at $45.05 on Monday. The business’s fifty day moving average is $42.58 and its 200-day moving average is $39.97. 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 stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 23.71 and a beta of 0.68. Pembina Pipeline Corp. has a one year low of $34.13 and a one year high of $45.25.

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

Pembina Pipeline Dividend Announcement

The business also recently announced 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Monday, March 16th. Pembina Pipeline’s dividend payout ratio is currently 109.47%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PBA. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. JPMorgan Chase & Co. upped their target price on shares of Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday. TD Securities downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, February 27th. Finally, Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

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.