Pembina Pipeline Co. (NYSE:PBA) Shares Sold by Fiera Capital Corp

Fiera Capital Corp lowered its position in Pembina Pipeline Co. (NYSE:PBAGet Rating) (TSE:PPL) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,046,053 shares of the pipeline company’s stock after selling 41,521 shares during the period. Fiera Capital Corp owned about 0.19% of Pembina Pipeline worth $31,731,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its stake in Pembina Pipeline by 0.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 764,345 shares of the pipeline company’s stock valued at $23,183,000 after acquiring an additional 5,701 shares in the last quarter. Raymond James & Associates lifted its holdings in Pembina Pipeline by 9.9% during the 4th quarter. Raymond James & Associates now owns 58,946 shares of the pipeline company’s stock worth $1,790,000 after buying an additional 5,305 shares in the last quarter. Smith Moore & CO. raised its holdings in shares of Pembina Pipeline by 5.1% in the 4th quarter. Smith Moore & CO. now owns 12,842 shares of the pipeline company’s stock valued at $389,000 after purchasing an additional 625 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Pembina Pipeline by 10.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,081,647 shares of the pipeline company’s stock valued at $32,806,000 after purchasing an additional 98,458 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Pembina Pipeline by 4.8% in the 4th quarter. First Trust Advisors LP now owns 25,334 shares of the pipeline company’s stock valued at $769,000 after purchasing an additional 1,150 shares in the last quarter. Institutional investors and hedge funds own 53.42% of the company’s stock.

PBA has been the topic of a number of recent analyst reports. BMO Capital Markets raised shares of Pembina Pipeline from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 1st. StockNews.com began coverage on shares of Pembina Pipeline in a research note on Thursday, March 31st. They issued a “hold” rating for the company. TD Securities began coverage on shares of Pembina Pipeline in a research report on Thursday, March 3rd. They set a “buy” rating for the company. Canaccord Genuity Group lifted their target price on shares of Pembina Pipeline from C$47.00 to C$49.00 in a research report on Wednesday, March 2nd. Finally, Royal Bank of Canada lifted their price target on shares of Pembina Pipeline from C$48.00 to C$49.00 in a report on Thursday, March 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $45.25.

PBA stock traded down $0.67 during midday trading on Friday, hitting $37.85. 1,360,682 shares of the company traded hands, compared to its average volume of 892,908. Pembina Pipeline Co. has a twelve month low of $28.89 and a twelve month high of $41.21. The company has a quick ratio of 0.36, a current ratio of 0.52 and a debt-to-equity ratio of 0.86. The business has a 50 day simple moving average of $37.18 and a 200-day simple moving average of $33.68. The stock has a market capitalization of $20.83 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 5.64 and a beta of 1.35.

Pembina Pipeline (NYSE:PBAGet Rating) (TSE:PPL) last announced its quarterly earnings results on Thursday, February 24th. The pipeline company reported $0.06 EPS for the quarter. Pembina Pipeline had a return on equity of 10.00% and a net margin of 13.81%. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 52.4% compared to the same quarter last year. Equities research analysts forecast that Pembina Pipeline Co. will post 2.19 EPS for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 13th. Stockholders of record on Monday, April 25th will be paid a $0.168 dividend. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.17. The ex-dividend date of this dividend is Friday, April 22nd. This represents a $2.02 annualized dividend and a dividend yield of 5.33%. Pembina Pipeline’s dividend payout ratio (DPR) is presently 128.03%.

About Pembina Pipeline (Get Rating)

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. 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 3.1 millions of barrels of oil equivalent per day, ground storage of 11 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.

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Institutional Ownership by Quarter for Pembina Pipeline (NYSE:PBA)

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