Catalyst Capital Advisors LLC Sells 45,170 Shares of Pembina Pipeline Corp. $PBA

Catalyst Capital Advisors LLC cut its holdings in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 399,887 shares of the pipeline company’s stock after selling 45,170 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Pembina Pipeline were worth $15,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pembina Pipeline in the third quarter worth about $31,000. Westside Investment Management Inc. grew its stake in shares of Pembina Pipeline by 100.0% in the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 404 shares during the last quarter. Physician Wealth Advisors Inc. grew its stake in shares of Pembina Pipeline by 441.2% in the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after purchasing an additional 750 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in shares of Pembina Pipeline in the third quarter worth about $40,000. Finally, Larson Financial Group LLC grew its stake in shares of Pembina Pipeline by 32.4% in the third quarter. Larson Financial Group LLC now owns 1,059 shares of the pipeline company’s stock worth $43,000 after purchasing an additional 259 shares during the last quarter. 55.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. BMO Capital Markets reissued a “market perform” rating on shares of Pembina Pipeline in a research note on Tuesday. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Royal Bank Of Canada lifted their price objective on Pembina Pipeline from $64.00 to $68.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research report on Tuesday. Finally, Weiss Ratings raised Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned 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 “Moderate Buy” and a consensus price target of $62.67.

Pembina Pipeline Stock Performance

Pembina Pipeline stock opened at $46.58 on Friday. The stock’s 50 day simple moving average is $45.58 and its two-hundred day simple moving average is $42.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.68 and a current ratio of 0.83. The stock has a market cap of $27.08 billion, a price-to-earnings ratio of 24.26 and a beta of 0.58. Pembina Pipeline Corp. has a fifty-two week low of $35.45 and a fifty-two week high of $50.10.

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

Pembina Pipeline Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.735 per share. The ex-dividend date is Monday, June 15th. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.71. This represents a $2.94 annualized dividend and a dividend yield of 6.3%. 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.