Fiera Capital Corp Increases Stock Position in Pembina Pipeline Co. (NYSE:PBA)

Fiera Capital Corp grew its position in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 15.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,196,390 shares of the pipeline company’s stock after purchasing an additional 160,946 shares during the quarter. Fiera Capital Corp’s holdings in Pembina Pipeline were worth $49,381,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co grew its position in shares of Pembina Pipeline by 65.0% during the third quarter. CENTRAL TRUST Co now owns 825 shares of the pipeline company’s stock worth $34,000 after acquiring an additional 325 shares during the last quarter. Granite Group Advisors LLC boosted its stake in Pembina Pipeline by 5.2% during the 1st quarter. Granite Group Advisors LLC now owns 6,719 shares of the pipeline company’s stock worth $237,000 after purchasing an additional 330 shares during the period. EverSource Wealth Advisors LLC grew its position in Pembina Pipeline by 30.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,668 shares of the pipeline company’s stock worth $65,000 after purchasing an additional 387 shares during the last quarter. Gold Investment Management Ltd. increased its stake in Pembina Pipeline by 4.2% in the third quarter. Gold Investment Management Ltd. now owns 11,001 shares of the pipeline company’s stock valued at $453,000 after purchasing an additional 439 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Pembina Pipeline by 2.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,341 shares of the pipeline company’s stock valued at $680,000 after buying an additional 478 shares during the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

NYSE:PBA traded down $0.28 during mid-day trading on Friday, reaching $40.94. The stock had a trading volume of 129,361 shares, compared to its average volume of 1,114,352. Pembina Pipeline Co. has a twelve month low of $31.51 and a twelve month high of $43.44. The business has a 50 day simple moving average of $41.60 and a 200 day simple moving average of $38.80. The firm has a market capitalization of $23.76 billion, a price-to-earnings ratio of 17.18 and a beta of 1.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.55 and a current ratio of 0.68.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, August 8th. The pipeline company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period last year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, analysts expect that Pembina Pipeline Co. will post 2.38 earnings per share for the current fiscal year.

Pembina Pipeline Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 6.74%. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, December 16th. Pembina Pipeline’s dividend payout ratio (DPR) is presently 85.00%.

Analysts Set New Price Targets

PBA has been the topic of several recent research reports. Raymond James assumed coverage on Pembina Pipeline in a research report on Friday, October 11th. They issued an “outperform” rating on the stock. Citigroup boosted their target price on Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Finally, UBS Group began coverage on Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating for the company. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $56.50.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. 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 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.