TABR Capital Management LLC Makes New Investment in Pembina Pipeline Corp. $PBA

TABR Capital Management LLC bought a new stake in shares of Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 80,306 shares of the pipeline company’s stock, valued at approximately $3,056,000.

Several other large investors have also recently added to or reduced their stakes in PBA. Varma Mutual Pension Insurance Co raised its stake in shares of Pembina Pipeline by 8.6% in the third quarter. Varma Mutual Pension Insurance Co now owns 309,779 shares of the pipeline company’s stock valued at $12,528,000 after purchasing an additional 24,400 shares in the last quarter. Citigroup Inc. lifted its holdings in Pembina Pipeline by 96.3% during the 3rd quarter. Citigroup Inc. now owns 216,975 shares of the pipeline company’s stock valued at $8,775,000 after purchasing an additional 106,419 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of Pembina Pipeline by 12.6% in the 3rd quarter. Fiera Capital Corp now owns 1,073,818 shares of the pipeline company’s stock worth $43,402,000 after acquiring an additional 120,272 shares in the last quarter. Cardinal Capital Management Inc. boosted its stake in Pembina Pipeline by 10.0% in the fourth quarter. Cardinal Capital Management Inc. now owns 3,274,336 shares of the pipeline company’s stock worth $124,621,000 after purchasing an additional 298,412 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd lifted its position in Pembina Pipeline by 1,894.9% during the 3rd quarter. JARISLOWSKY FRASER Ltd now owns 8,814,455 shares of the pipeline company’s stock worth $356,468,000 after buying an additional 8,372,612 shares in the last quarter. Institutional investors and hedge funds own 55.37% of the company’s stock.

Analyst Ratings Changes

PBA has been the topic of a number of recent research reports. Weiss Ratings upgraded Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. TD Securities reaffirmed a “hold” rating on shares of Pembina Pipeline in a research note on Wednesday, April 8th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Pembina Pipeline in a research report on Wednesday, April 8th. JPMorgan Chase & Co. boosted their price objective on shares of Pembina Pipeline from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, March 19th. Finally, Zacks Research upgraded Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Hold” and a consensus target price of $60.00.

Pembina Pipeline Trading Down 0.2%

Shares of NYSE:PBA opened at $42.45 on Wednesday. The business has a 50 day moving average of $44.25 and a 200-day moving average of $40.71. The stock has a market cap of $24.68 billion, a PE ratio of 22.34 and a beta of 0.62. Pembina Pipeline Corp. has a 12-month low of $35.45 and a 12-month high of $46.19. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the business earned $0.92 EPS. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that Pembina Pipeline Corp. will post 2.17 earnings per share for the current year.

Pembina Pipeline Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were given a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $2.84 dividend on an annualized basis and a yield of 6.7%. Pembina Pipeline’s dividend payout ratio is currently 109.47%.

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.