Fiera Capital Corp Sells 116,496 Shares of Pembina Pipeline Corp. $PBA

Fiera Capital Corp cut its holdings in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 957,322 shares of the pipeline company’s stock after selling 116,496 shares during the period. Fiera Capital Corp’s holdings in Pembina Pipeline were worth $36,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Pembina Pipeline during the third quarter worth $31,000. Larson Financial Group LLC lifted its stake in Pembina Pipeline by 32.4% during 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. IFP Advisors Inc lifted its stake in Pembina Pipeline by 74.8% during the fourth quarter. IFP Advisors Inc now owns 1,199 shares of the pipeline company’s stock worth $46,000 after purchasing an additional 513 shares during the last quarter. Fulcrum Asset Management LLP bought a new stake in Pembina Pipeline during the third quarter worth $46,000. Finally, Parallel Advisors LLC lifted its stake in Pembina Pipeline by 43.3% during the fourth quarter. Parallel Advisors LLC now owns 1,446 shares of the pipeline company’s stock worth $55,000 after purchasing an additional 437 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors.

Pembina Pipeline Stock Performance

NYSE PBA opened at $48.36 on Tuesday. The company has a market capitalization of $28.12 billion, a price-to-earnings ratio of 25.19 and a beta of 0.57. Pembina Pipeline Corp. has a twelve month low of $35.45 and a twelve month high of $50.10. The stock has a fifty day simple moving average of $45.98 and a 200 day simple moving average of $42.66. 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 posted its quarterly earnings data on Thursday, May 7th. The pipeline company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.07. The business had revenue of $1.11 billion during 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 in the prior year, the business posted $0.80 earnings per share. Sell-side analysts expect that Pembina Pipeline Corp. will post 2.28 EPS for the current year.

Pembina Pipeline Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, June 15th. This is an increase from Pembina Pipeline’s previous quarterly dividend of $0.71. Pembina Pipeline’s dividend payout ratio (DPR) is 108.33%.

Analyst Ratings Changes

A number of research analysts have recently commented on PBA shares. Wall Street Zen upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a research note on Tuesday, May 26th. BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a research note on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on Pembina Pipeline from $55.00 to $60.00 and gave the company a “neutral” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.67.

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.