Nicola Wealth Management LTD. Grows Position in Pembina Pipeline Corp. $PBA

Nicola Wealth Management LTD. lifted its stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 152.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 771,500 shares of the pipeline company’s stock after purchasing an additional 466,100 shares during the period. Pembina Pipeline accounts for 2.8% of Nicola Wealth Management LTD.’s holdings, making the stock its 8th biggest position. Nicola Wealth Management LTD. owned about 0.13% of Pembina Pipeline worth $31,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PBA. Tectonic Advisors LLC boosted its holdings in shares of Pembina Pipeline by 64.6% during the 2nd quarter. Tectonic Advisors LLC now owns 26,479 shares of the pipeline company’s stock worth $993,000 after buying an additional 10,390 shares during the period. Quantbot Technologies LP lifted its position in Pembina Pipeline by 66.3% during the second quarter. Quantbot Technologies LP now owns 76,566 shares of the pipeline company’s stock worth $2,872,000 after acquiring an additional 30,523 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Pembina Pipeline by 411.1% during the second quarter. First Trust Advisors LP now owns 1,247,976 shares of the pipeline company’s stock worth $46,820,000 after acquiring an additional 1,003,819 shares during the period. Westwood Holdings Group Inc. increased its position in shares of Pembina Pipeline by 14.1% in the second quarter. Westwood Holdings Group Inc. now owns 1,629,929 shares of the pipeline company’s stock worth $61,139,000 after purchasing an additional 201,096 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new position in Pembina Pipeline in the second quarter valued at about $1,658,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Pembina Pipeline Price Performance

Shares of NYSE PBA opened at $40.60 on Tuesday. The stock has a market cap of $23.59 billion, a price-to-earnings ratio of 20.30 and a beta of 0.66. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.53. Pembina Pipeline Corp. has a fifty-two week low of $34.13 and a fifty-two week high of $42.40. The firm’s 50-day simple moving average is $38.32 and its 200 day simple moving average is $38.18.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The business had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $0.60 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. As a group, research analysts anticipate that Pembina Pipeline Corp. will post 2.15 earnings per share for the current fiscal year.

Pembina Pipeline Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 7.0%. The ex-dividend date was Monday, December 15th. Pembina Pipeline’s payout ratio is currently 101.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PBA shares. TD Securities reduced their price objective on shares of Pembina Pipeline from $65.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Pembina Pipeline in a research report on Monday, December 29th. BMO Capital Markets reissued an “outperform” rating on shares of Pembina Pipeline in a research note on Tuesday, December 16th. Finally, Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

About Pembina Pipeline

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.