Pembina Pipeline Corp. $PBA Stock Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,526,260 shares of the pipeline company’s stock after purchasing an additional 106,462 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Pembina Pipeline were worth $114,001,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cardinal Capital Management Inc. grew its position in shares of Pembina Pipeline by 102.4% in the 3rd quarter. Cardinal Capital Management Inc. now owns 7,356,398 shares of the pipeline company’s stock worth $329,243,000 after buying an additional 3,721,819 shares during the period. Triasima Portfolio Management inc. lifted its position in Pembina Pipeline by 94.0% during the 3rd quarter. Triasima Portfolio Management inc. now owns 128,125 shares of the pipeline company’s stock valued at $5,733,000 after acquiring an additional 62,075 shares during the period. Columbus Macro LLC bought a new stake in Pembina Pipeline during the third quarter worth about $7,848,000. Diversified Management Inc. bought a new stake in Pembina Pipeline during the third quarter worth about $779,000. Finally, Versant Capital Management Inc boosted its stake in Pembina Pipeline by 23.6% during the third quarter. Versant Capital Management Inc now owns 2,187 shares of the pipeline company’s stock worth $97,000 after acquiring an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Wall Street Analyst Weigh In

PBA has been the topic of a number of recent research reports. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a report on Friday, July 31st. Raymond James Financial reissued an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday. Weiss Ratings upgraded Pembina Pipeline from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, October 6th. TD Securities restated a “buy” rating on shares of Pembina Pipeline in a research note on Friday. Finally, Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Pembina Pipeline Stock Up 3.9%

Pembina Pipeline stock traded up $1.89 during mid-day trading on Friday, reaching $50.08. The stock had a trading volume of 1,327,721 shares, compared to its average volume of 1,134,935. Pembina Pipeline Corp. has a one year low of $36.20 and a one year high of $51.58. The company has a 50-day moving average price of $47.68 and a two-hundred day moving average price of $47.30. The company has a market capitalization of $29.12 billion, a price-to-earnings ratio of 24.55 and a beta of 0.62. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.46 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 earnings per share. On average, analysts expect that Pembina Pipeline Corp. will post 2.20 EPS for the current fiscal year.

Pembina Pipeline Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were paid a C$0.73 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $2.94 annualized dividend and a dividend yield of 5.9%. Pembina Pipeline’s payout ratio is currently 103.92%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company that provides transportation and midstream services for the oil, natural gas and natural gas liquids industries. Its operations are focused primarily on Western Canada, where it connects hydrocarbon-producing regions with processing facilities, storage sites, refineries, petrochemical markets and export channels.

The company owns and operates an extensive network of pipelines and related infrastructure. Its services include hydrocarbon gathering and transportation, natural gas processing, fractionation and storage of natural gas liquids, terminalling and rail services.