Walter Public Investments Inc. Makes New $4.38 Million Investment in Pembina Pipeline Corp. $PBA

Walter Public Investments Inc. acquired a new position in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 98,292 shares of the pipeline company’s stock, valued at approximately $4,385,000.

Several other large investors have also recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in shares of Pembina Pipeline in the first quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in shares of Pembina Pipeline in the second quarter valued at about $31,000. N.E.W. Advisory Services LLC acquired a new position in shares of Pembina Pipeline in the second quarter valued at about $31,000. Integrated Wealth Concepts LLC acquired a new position in shares of Pembina Pipeline in the second quarter valued at about $33,000. Finally, Markowski Investments bought a new position in Pembina Pipeline during the second quarter worth about $54,000. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Stock Performance

PBA opened at $49.85 on Thursday. The firm has a market cap of $28.99 billion, a P/E ratio of 22.49 and a beta of 0.59. Pembina Pipeline Corp. has a 52-week low of $36.20 and a 52-week high of $51.58. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.59 and a current ratio of 0.75. The business’s fifty day moving average is $48.05 and its 200-day moving average is $46.74.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, November 5th. The pipeline company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.11. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Pembina Pipeline had a return on equity of 12.60% and a net margin of 24.77%. Pembina Pipeline’s revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Sell-side analysts expect that Pembina Pipeline Corp. will post 2.26 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a dividend of C$0.73 per share. This represents a $2.94 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Tuesday, December 15th. Pembina Pipeline’s dividend payout ratio is presently 88.70%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PBA shares. Wall Street Zen raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Barclays restated an “overweight” rating on shares of Pembina Pipeline in a research report on Wednesday, October 7th. Weiss Ratings raised shares of Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Wednesday, October 14th. Finally, Scotiabank downgraded shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, July 20th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses. The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.