Pembina Pipeline Corp. $PBA Stock Holdings Raised by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. lifted its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 28.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 987,800 shares of the pipeline company’s stock after buying an additional 216,300 shares during the quarter. Pembina Pipeline makes up about 3.4% of Nicola Wealth Management LTD.’s portfolio, making the stock its 3rd biggest position. Nicola Wealth Management LTD.’s holdings in Pembina Pipeline were worth $37,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PBA. AQR Capital Management LLC purchased a new stake in shares of Pembina Pipeline in the first quarter worth approximately $374,000. Focus Partners Wealth purchased a new stake in shares of Pembina Pipeline in the first quarter worth approximately $312,000. Marshall Wace LLP purchased a new stake in shares of Pembina Pipeline in the second quarter worth approximately $253,000. Cresset Asset Management LLC raised its holdings in shares of Pembina Pipeline by 4.1% in the second quarter. Cresset Asset Management LLC now owns 13,684 shares of the pipeline company’s stock worth $513,000 after buying an additional 534 shares during the period. Finally, AXA S.A. raised its holdings in shares of Pembina Pipeline by 17.5% in the second quarter. AXA S.A. now owns 23,418 shares of the pipeline company’s stock worth $878,000 after buying an additional 3,488 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PBA has been the topic of several recent analyst reports. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a report on Wednesday, April 8th. JPMorgan Chase & Co. raised their price objective on Pembina Pipeline from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Thursday, March 19th. Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Sunday, May 10th. Finally, Barclays restated an “overweight” rating on shares of Pembina Pipeline in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Hold” and a consensus target price of $62.67.

Pembina Pipeline Trading Up 0.0%

PBA opened at $49.58 on Monday. The stock’s fifty day moving average is $45.22 and its two-hundred day moving average is $41.87. The company has a market capitalization of $28.83 billion, a P/E ratio of 25.82 and a beta of 0.58. Pembina Pipeline Corp. has a 52 week low of $35.45 and a 52 week high of $50.10. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.84.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.52 by $0.07. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.Pembina Pipeline’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. Analysts forecast that Pembina Pipeline Corp. will post 2.28 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.735 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 5.9%. This is a boost from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s dividend payout ratio (DPR) is 108.33%.

Pembina Pipeline Company 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.