Pembina Pipeline Co. (NYSE:PBA) Shares Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc lifted its stake in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 39.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,935 shares of the pipeline company’s stock after purchasing an additional 12,335 shares during the period. K.J. Harrison & Partners Inc’s holdings in Pembina Pipeline were worth $1,515,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its holdings in Pembina Pipeline by 22.8% in the fourth quarter. Federated Hermes Inc. now owns 297,423 shares of the pipeline company’s stock valued at $10,237,000 after acquiring an additional 55,136 shares during the last quarter. Triasima Portfolio Management inc. acquired a new position in Pembina Pipeline in the fourth quarter valued at approximately $17,285,000. Legal & General Group Plc lifted its holdings in Pembina Pipeline by 3.8% in the third quarter. Legal & General Group Plc now owns 4,880,904 shares of the pipeline company’s stock valued at $147,430,000 after acquiring an additional 180,798 shares during the last quarter. Baskin Financial Services Inc. lifted its holdings in Pembina Pipeline by 5.0% in the fourth quarter. Baskin Financial Services Inc. now owns 196,108 shares of the pipeline company’s stock valued at $6,749,000 after acquiring an additional 9,306 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Pembina Pipeline by 1.7% in the third quarter. Vanguard Group Inc. now owns 21,222,536 shares of the pipeline company’s stock valued at $637,949,000 after acquiring an additional 351,266 shares during the last quarter. 55.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on PBA shares. StockNews.com upgraded Pembina Pipeline from a “hold” rating to a “buy” rating in a report on Friday, April 12th. CIBC boosted their target price on Pembina Pipeline from $56.00 to $57.00 and gave the company an “outperformer” rating in a research report on Friday, April 19th. Finally, TheStreet raised Pembina Pipeline from a “c” rating to a “b-” rating in a research report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Pembina Pipeline Stock Up 0.3 %

Shares of Pembina Pipeline stock traded up $0.11 during trading hours on Friday, reaching $35.82. 724,959 shares of the company were exchanged, compared to its average volume of 1,042,011. Pembina Pipeline Co. has a 1 year low of $28.15 and a 1 year high of $36.17. The stock’s fifty day moving average is $35.04 and its 200 day moving average is $33.73. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.71 and a current ratio of 0.82. The firm has a market cap of $20.76 billion, a PE ratio of 16.21, a PEG ratio of 5.29 and a beta of 1.20.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, February 22nd. The pipeline company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.34. Pembina Pipeline had a return on equity of 13.11% and a net margin of 19.43%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, equities research analysts forecast that Pembina Pipeline Co. will post 2.24 earnings per share for the current year.

Pembina Pipeline Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.4944 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 5.52%. This is a positive change from Pembina Pipeline’s previous quarterly dividend of $0.48. Pembina Pipeline’s dividend payout ratio is currently 89.14%.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. 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 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 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.